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- In economics, a market is12:
- A coordinating mechanism that uses prices to convey information among economic entities (such as firms, households, and individuals) to regulate production and distribution.
- A place where parties (buyers and sellers) can gather to facilitate the exchange of goods and services. Markets can be physical (like retail outlets) or virtual (like online 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.In economics, a market is a coordinating mechanism that uses prices to convey information among economic entities (such as firms, households and individuals) to regulate production and distribution.en.wikipedia.org/wiki/Market_(economics)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.www.investopedia.com/terms/m/market.asp - People also ask
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