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The market is one of many systems, institutions, procedures, social relations and infrastructure where businesses sell goods, services, and labor for people in return for money.
Goods and services sold using legitimate means of payment such as fiat money. This activity is a part of economic. This is a setting that allows buyers and sellers to exchange items. Competition is very important in the market, and separates the market from trading.
Two people may trade, but it takes at least three people to have a market, so there is competition on at least one of two parties. Markets vary in size, range, geographic scale, species location and various human communities, as well as the type of goods and services traded.
Some examples include local farmers' markets held in city squares or parking lots, shopping malls and shopping malls, international currencies and commodity markets, laws creating markets such as pollution permits, and illegal markets such as the market for illegal drugs.
In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange goods, services and information. The exchange of goods or services for money is called a transaction.
The market is made up of all good buyers and sellers that affect the price. This influence is a major economic study and has spawned several theories and models about the basic market forces of supply and demand.
There are two roles in the market, buyers and sellers. The market facilitates trade and enables the distribution and allocation of resources within the community. The market allows all traded items to be evaluated and priced. A market appears more or less spontaneous or intentionally built by human interaction to allow for the exchange of rights (ownership) of services and goods.
Historically, the market originated in a physical market that would often develop into - or from - small communities, towns and cities.