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- Dictionarymarket/ˈmɑːkɪt/
noun
- 1. a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities: "they wanted to browse around the street market"
- 2. an area or arena in which commercial dealings are conducted: "the UK market remained in recession"
verb
- 1. advertise or promote (something): "the product was marketed under the name ‘aspirin’"
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May 16, 2024 · 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...
So in a traditional sense, a market is where buyers and seller meet to exchange goods and services. But what is a market in economics? In economics, we do not refer to a market as a physical place.
market, 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.
MARKET definition: 1. the people who might want to buy something, or a part of the world where something is sold: 2…. Learn more.
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money.
The meaning of MARKET is a meeting together of people for the purpose of trade by private purchase and sale and usually not by auction. How to use market in a sentence.
Market definition: an open place or a covered building where buyers and sellers convene for the sale of goods; a marketplace. See examples of MARKET used in a sentence.
