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
Experts say cap and trade not enough
Apr 13, 2009 |
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A team of researchers at Carnegie Mellon University report in a new policy brief that cap and trade climate policies alone will not be sufficient to put the nation on track to achieve a 50 to 80 percent reduction in greenhouse ...
Car That Runs on Compressed Air Questioned by Critics (w/ Video)
Nov 03, 2009 |
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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 ...
Wall Street rocket scientists crash to Earth
Apr 07, 2009 |
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There's a reason Wall Street resembles a rocket experiment gone wrong: rocket scientists helped make it happen.
Google's operating system escalates Microsoft duel (Update)
Jul 08, 2009 |
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(AP) -- Google Inc. is hoping to gain greater control over how personal computers work with its plans to develop a free operating system that will attack Microsoft Corp.'s golden goose - its long-dominant ...
Hoover's pro-labor stance helped cause Great Depression, economist says
Aug 28, 2009 |
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(PhysOrg.com) -- Pro-labor policies pushed by President Herbert Hoover after the stock market crash of 1929 accounted for close to two-thirds of the drop in the nation's gross domestic product over the two years that followed, ...
SKorean TV giants tout differing technologies
Electronics / Consumer & Gadgets
Sep 06, 2009 |
4.3 / 5 (8) |
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The world's top two makers of flat-panel televisions are stressing the energy-saving virtues of different display technologies in their race to dominate a huge global market.
Asian competitors shadow German solar industry
Aug 18, 2009 |
4 / 5 (8) |
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Germany's solar power industry, until recently the world leader in the technology, is facing an unprecedented crisis, analysts say, outshone by cheaper competitors from Asia, most notably Chinese firms.
Windows washer: Meet Microsoft's antidote to Vista
Apr 19, 2009 |
1.9 / 5 (16) |
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(AP) -- Julie Larson-Green hopes you'll like Windows 7. If not, well, now you and a billion other people know whom to blame.
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 ...
Google refines search results to counter Microsoft
Oct 01, 2009 |
4 / 5 (7) |
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(AP) -- Google Inc. is giving Web surfers a few more ways to refine their search results, signaling its resolve to ward off rival Microsoft Corp.'s aggressive campaign to lure traffic.
Do good looks get high school students good grades?
Other Sciences / Social Sciences
Apr 22, 2009 |
4.4 / 5 (5) |
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Do personal traits predict success in school? If so, which dimension of one's outward appearance can tell the most about academic achievement? The answers to these questions are found in a new study by researchers from the ...
Microsoft, Yahoo team up to ding Google with Bing
Jul 29, 2009 |
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(AP) -- Microsoft Corp. has finally roped Yahoo Inc. into an Internet search partnership, capping a convoluted pursuit that dragged on for years and finally setting the stage for them to make a joint assault ...
New research helps predict stock market
Feb 20, 2009 |
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(PhysOrg.com) -- Researchers from Massey University have developed a new way to predict stock markets that has been recognised with an award from New Zealand finance specialists.
Medvedev slams biofuel producers at grain summit
Jun 06, 2009 |
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Russian President Dmitry Medvedev on Saturday urged countries to switch to non-food sources of biofuel to prevent the spread of hunger in a world where every sixth person is malnourished.
Does Size Matter? Study shows Taller People Earn More Money
Other Sciences / Social Sciences
Jul 13, 2009 |
4.5 / 5 (4) |
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(PhysOrg.com) -- Taller men are able to earn more money than their shorter counterparts simply because taller people are perceived to be more intelligent and powerful, this according to a study published in The Economic Re ...
