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]
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News tagged with market
Would a Google purchase of Yelp draw regulatory interest?
22 hours ago |
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Google Inc.'s reported plans to acquire local-listings service Yelp may face difficulties, with regulators attuned to the Mountain View, Calif.-based company's established dominance of the Internet-search and advertising ...
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 ...
Google, Bing deals make Twitter profitable: BusinessWeek
12 hours ago |
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Twitter has reached profitability after signing deals with Google and Microsoft to make the micro-blogging service searchable on the Internet, BusinessWeek magazine reported on Monday.
Beijing vehicles exceed four million: state media
Dec 19, 2009 |
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The number of registered vehicles in Beijing topped four million this week, state media reported, meaning a quarter of the 16 million permanent residents in China's capital have a car.
Study: States need economic freedom to benefit from natural resources
Dec 18, 2009 |
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(PhysOrg.com) -- States with small governments, low taxes and labor market freedom enjoy greater benefits from natural resource development than states with large and intrusive government policies, according to a new study ...
Bing and Google gaining at Yahoo!'s expense: comScore
Dec 17, 2009 |
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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.
Mobile sales to fall 0.7 percent this year: Gartner
Dec 15, 2009 |
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Worldwide sales of mobile devices are expected to decline by nearly 0.7 percent this year and pick up again next year with nine percent growth, Gartner research group said Tuesday.
Valuable, rare, raw earth materials extracted from industrial waste stream
Dec 15, 2009 |
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Fierce competition over raw materials for new green technologies could become a thing of the past, thanks to a discovery by scientists from the University of Leeds.
EU regulators softening stance on Oracle-Sun
Dec 15, 2009 |
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(AP) -- European Union regulators appear to be softening their opposition to Oracle Corp.'s proposed $7.4 billion takeover of Sun Microsystems Inc., a shift that has resurrected some investors' hopes that one of the year's ...
Drinks industry supplanting government role in alcohol policies in Sub-Saharan Africa
Dec 15, 2009 |
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A recent comparison of proposed national alcohol policies in Lesotho, Malawi, Uganda, and Botswana shows that the drinks industry has assumed a significant and detrimental role in designing national alcohol policies in Sub-Saharan ...
