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  2. 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 between buyers and sellers.
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    What is a market in economics?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. In short, markets are arenas in which buyers and sellers can gather and interact.
    What is modern marketing?We have here discussed the concept of marketing: Marketing involves the exchange of a product and service in lieu of money between a seller and a buyer, but modern marketing is not merely an exchange operation. Marketing has now gained a much wider connotation.
    What is the difference between marketing concept and marketing concept?In contrast to the marketing concept, marketing only refers to a specific area of the business process. Marketing is usually a department within the business while the marketing concept is the driving philosophy for the entire business. 1.
    What is a market and how does it work?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 between buyers and sellers.
     
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