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
2009: the Year of Twitter
6 hours ago |
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The year has not yet ended but Microsoft says "Twitter" was among the top searches of 2009 on its new search engine Bing and a company which monitors language has crowned it the top word of the year.
Deciding to have a baby is an easier step for public sector workers
Other Sciences / Social Sciences
8 hours ago |
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Working for the public sector is good for fertility, according to new Economic and Social Research Council funded research at the University of Oxford. The study, which examined patterns of employment and childbearing decisions ...
iPhone's debut in S.Korea means paradigm shift: experts
Nov 28, 2009 |
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Apple's top selling iPhone made its debut in South Korea Saturday with experts saying the iconic smartphone is likely to serve as a wake-up call for an IT industry basking in an isolated market.
Sony optimistic on 3-D TVs, in-house display
Nov 26, 2009 |
4.7 / 5 (3) |
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(AP) -- A third to a half of the Sony Corp. TV sets sold annually will be packed with 3-D features by the year ending March 2013, a senior executive said Thursday.
Google, Yahoo zero in on Internet 'freedom' bill
Nov 24, 2009 |
4 / 5 (1) |
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Google Inc. and other Internet companies have zeroed in on a resilient effort by a Republican lawmaker to pass legislation that could restrict their ability to take a nuanced approach to operating in "repressive" foreign ...
Biology, training and profit sharing make best traders
Nov 25, 2009 |
5 / 5 (1) |
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(PhysOrg.com) -- Cambridge researchers have identified a group of traders consistently able to outperform the market, even during the credit crisis.
Car That Runs on Compressed Air Questioned by Critics (w/ Video)
Nov 03, 2009 |
3.8 / 5 (21) |
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(PhysOrg.com) -- As electric cars begin breaking into the short-distance vehicle market, one French company thinks that it has an alternative to the electric vehicle: a car that runs on compressed air. Motor ...
EU extends Oracle/Sun review deadline until Jan 27
Nov 20, 2009 |
3 / 5 (1) |
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(AP) -- European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.'s planned $7.4 billion takeover of Sun Microsystems Inc.
Dell's profit, stock drop on weak quarterly report
Nov 19, 2009 |
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(AP) -- Some of the computer-industry's biggest players - such as IBM Corp., Intel Corp. and Hewlett-Packard Co. - have wowed Wall Street this fall with stronger-than-expected profits.
When good companies do bad things: Examining illegal corporate behavior
Nov 18, 2009 |
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The more prominent and financially successful a corporation becomes, the more likely it is to break the law, according to a new study led by a Michigan State University scholar that challenges previous research.
Failing the sniff test: Researchers find new way to spot fraud
Nov 09, 2009 |
4 / 5 (1) |
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Companies that commit fraud can find innovative ways to fudge the numbers, making it hard to tell something is wrong by just looking at their financial statements. But research from North Carolina State University unveils ...
Bing gains search market share, nears 10 percent
Nov 17, 2009 |
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Microsoft's new Internet search engine Bing increased its share of the US search market in October, edging up half-a-point to nearly 10 percent, online tracking firm comScore said Tuesday.
Strategies for Retailers Fighting Price Wars
Technology / Computer Sciences
Feb 04, 2009 |
2.9 / 5 (10) |
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(PhysOrg.com) -- All retail companies want to maximize their profits, while at the same time maintaining high market share compared with their competitors. One way to do this is by promising to offer the lowest ...
Recession may be over, but recovery will be gradual
Nov 19, 2009 |
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(PhysOrg.com) -- With the severe national recession of the past two years finally behind us, the pace of economic recovery will be slow and unemployment will remain high for quite some time, say economists at the University ...
Recent 'momentum' influences choices of baby names, psychology professors find
Medicine & Health / Psychology & Psychiatry
Oct 13, 2009 |
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(PhysOrg.com) -- How do people choose a name for their child? Researchers have long noted that the overall popularity of a name exerts a strong influence on people's preferences -- more popular names, such ...
