What is Market?

Market Place

 Common term, which has broad meaning and vast area where you can learn new things.

It's true, we can meet and learn most out or market that can be either place, people, products, services, resources etc.,

Smart graduates can define this in well experienced way, but herewith the below description for your brief idea..

" A market is any place where the sellers of a particular good or service can meet with the buyers of that goods and service where there is a potential for a transaction to take place. The buyers must have something they can offer in exchange for there to be a potential transaction."

Markets vary in form, scale (volume and geographic reach), location, and types of participants, as well as the types of goods and services traded. Examples include:

• Physical retail markets, such as local farmers' markets (which are usually held in town squares or parking lots on an ongoing or occasional basis), shopping centers and shopping malls
• (Non-physical) internet markets (see electronic commerce)
• Ad hoc auction markets
• Markets for intermediate goods used in production of other goods and services
• Labor markets
• International currency and commodity markets
• Stock markets, for the exchange of shares in corporations
• Artificial markets created by regulation to exchange rights for derivatives that have been designed to ameliorate externalizes, such as pollution permits (see carbon trading)
• Illegal markets such as the market for illicit drugs, arms or pirated products

Read More...