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- A market is a place where buyers and sellers exchange goods and services123.Examples of a market include123:
- A physical market, like a shop, a high street, or a retail outlet.
- A virtual market, like an e-retailer, a website, or an online platform.
- An illegal market, like a black market, a drug market, or a smuggling market.
- An auction market, like an eBay, a Sotheby's, or a Christie's.
- A financial market, like a stock market, a bond market, or a currency market.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Markets can be physical, like a retail outlet, or virtual, like an e-retailer. Examples include illegal markets, auction markets, and financial markets. Markets establish the prices of goods and services, determined by supply and demand. Features of a market include the availability of an arena, buyers and sellers, and a commodity.www.investopedia.com/terms/m/market.aspA market is any place where makers, distributors or retailers sell, and consumers buy. Examples include shops, high streets, or websites.marketbusinessnews.com/financial-glossary/market/In economics, the term market will refer to the market for one commodity or a set of commodities. For example a market for coffee, a market for rice, a market for TV’s, etc.www.toppr.com/guides/business-economics/meani… - People also ask
Market: What It Means in Economics, Types, and Common Features
A market is a place where parties can gather to facilitate the exchange of goods and services. The parties involved are usually buyers and sellers. The market may be physical, like a retail outlet, where people meet face-to-face, or virtual, like an online market, where there is no physical presence or contact … See more
A market is any place where two or more parties can meet to engage in an economic transaction—even those that don't involve legal tender. A market transaction may include goods, services, information, … See more
Markets vary widely for several reasons, including the kinds of products sold, location, duration, and size. The constituency of the customer base, size, legality, and other … See more
Markets are an important part of the economy. They allow a space where governments, businesses, and individuals can buy and sell their goods and services. But that's not all. … See more
Other than underground markets, most markets are subject to rules and regulations set by governing body that determines the … See more
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