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- The concept of a market can be described as follows12:
- A market is where buyers and sellers meet to exchange goods and services.
- Markets can be physical (like retail outlets) or virtual (like e-retailers).
- Examples include illegal markets, auction markets, and financial markets.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A market is where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. Markets can be physical, like a retail outlet, or virtual, like an e-retailer. Examples include illegal markets, auction markets, and financial markets.www.investopedia.com/terms/m/market.aspEconomists will describe a market as coming together of the buyers and sellers, i.e. an arrangement where buyers and sellers come in direct or indirect contact to sell/buy goods and services. For example, the market for mobile will constitute all the sellers and buyers of mobile phones in an economy.www.toppr.com/guides/business-economics/meani… - People also ask
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