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- The concept of a market1234:
- A place where two or more parties engage in economic transactions.
- Transactions can involve goods, services, information, or currency.
- Markets can be local, regional, national, or international.
- Not restricted to one physical or geographical location.
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 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, currency, or any combination that passes from one party to another.www.investopedia.com/terms/m/market.aspmarket, a means by which the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another, either directly or through mediating agents or institutions. Markets in the most literal and immediate sense are places in which things are bought and sold.www.britannica.com/money/marketIn economics, market is defined as a set of buyers and sellers who are geographically separated from each other, but are still able to communicate to finalize the transaction of a product. The market for a product can be local, regional, national, or international.www.economicsdiscussion.net/market/market-conc…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. A market is also not restricted to one physical or geographical location. It covers a general wide area and the demand and supply forces of the region.www.toppr.com/guides/business-economics/meani… - People also ask
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