Market
hideA market is any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy. It is an arrangement that allows buyers and sellers to exchange things. Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded. Some examples include local farmers’ markets held in town squares or parking lots, shopping centers and shopping malls, international currency and commodity markets, legally created markets such as for pollution permits, and illegal markets such as the market for illicit drugs.
In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services for money is a transaction. Market participants consist of all the buyers and sellers of a good who influence its price. This influence is a major study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand. There are two roles in markets, buyers and sellers. The market facilitates trade and enables the distribution and allocation of resources in a society. Markets allow any tradable item to be evaluated and priced. A market emerges more or less spontaneously or is constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods.
The historical origin of markets is the physical marketplaces which would often develop into small communities, towns and cities.[citation needed]
For more information about Market, read the full article at
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News tagged with market
Bing and Google gaining at Yahoo!'s expense: comScore
11 hours ago |
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Bing and Google gained ground in the Internet search market in November as they evidently lure people away from Yahoo!, according to fresh figures from industry-tracker comScore.
Microsoft to let Europeans pick browser in EU deal
Dec 16, 2009 |
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(AP) -- More than 100 million Europeans will get to pick a Web browser after Microsoft agreed to offer Internet users a choice to avoid fresh fines - a move that could represent a real thawing of long-standing ...
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Want to live well? Harvard experts offer pragmatic pointers on getting healthy and staying there
48 minutes ago |
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You are what you eat. You're also how you feel, how you exercise, how you sleep, how you handle money, how you relate to people, and what you value.
A new generation of computer tablets is on its way
Electronics / Consumer & Gadgets
1hour ago |
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I may have caught a glimpse of the future last week. In San Francisco, a startup company called Fusion Garage showed off the JooJoo, a touch-screen device that looks like the iPhone's big brother. The JooJoo ...
Web wizardry: CS 50 Fair spotlights students’ programming for the Web
1hour ago |
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The observation became a question and finally an application.
Final Blu-ray 3D Specification Announced
1hour ago |
5 / 5 (1) |
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The Blu-ray Disc Association (BDA) today announced the finalization and release of the "Blu-ray 3DTM" specification. The specification, which represents the work of the leading Hollywood studios and consumer electronic and ...
HP researchers try to tell you who your friends are
Technology / Computer Sciences
2 hours ago |
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Most people have scores of contacts, scattered around their mobile phone, e-mail address book and multiple social networking sites. Scientists at Hewlett-Packard can tell you which of those contacts are your closest friends.
How to spur energy storage innovations
2 hours ago |
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Imagine flying all the way from coast to coast, completely guilt-free, in an airplane that doesn’t emit a single particle of greenhouse gas or air pollutants. That could happen someday, perhaps brought to ...
IBM Reveals Five Innovations that Will Change Cities in the Next Five Years (w/ Video)
3 hours ago |
4 / 5 (1) |
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Today, IBM unveiled a list of innovations that have the potential to change how people live, work and play in cities around the globe over the next five to ten years.
Google out to shake up the smart-phone industry
3 hours ago |
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Google, already a disruptive presence in the mobile phone industry, seems to be itching to reshape it once more. As early as January, the company plans to sell directly to consumers a new smart-phone that will not be "locked" ...
Elpida Completes Development of 65nm XS Version 1-Gigabit DDR3 SDRAM
4 hours ago |
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Elpida Memory, Japan's leading global supplier of Dynamic Random Access Memory (DRAM), today announced that it had completed development of a 65nm XS extra-shrink version 1-Gigabit DDR3 SDRAM that is as cost-competitive as ...
RIM 3Q profit up 59 pct, record BlackBerry sales
4 hours ago |
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(AP) -- BlackBerry maker Research In Motion Ltd. surprised Wall Street on Thursday as it reported a 59 percent increase in third-quarter income, boosted by new subscribers and record sales of its smart phones.
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