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
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 ...
Recent 'momentum' influences choices of baby names, psychology professors find
Medicine & Health / Psychology & Psychiatry
Oct 13, 2009 |
5 / 5 (1) |
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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 ...
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 ...
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 ...
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 preparing to steer more telephone traffic
Mar 12, 2009 |
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(AP) -- Internet search leader Google Inc. is preparing to steer more telephone traffic through an online command center that it acquired nearly two years ago.
Would a Google purchase of Yelp draw regulatory interest?
Dec 21, 2009 |
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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 |
3.5 / 5 (6) |
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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 tests new phone to profit from mobile Web
Electronics / Consumer & Gadgets
Dec 14, 2009 |
1 / 5 (1) |
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(AP) -- Google Inc. is determined to gain more influence over how the Web is used on mobile phones, even if the next step in the quest tramples some of the relationships forged during its two-year expansion ...
Microsoft, Yahoo take next step in search alliance
Dec 05, 2009 |
1 / 5 (5) |
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(AP) -- Microsoft Corp. and Yahoo Inc. have signed off on their plan to team up against Google Inc. in the lucrative Internet search market.
Sony optimistic on 3-D TVs, in-house display
Nov 26, 2009 |
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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.
Biology, training and profit sharing make best traders
Nov 25, 2009 |
4.5 / 5 (2) |
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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.
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 ...
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 ...
iPhone comes to China without key feature
Electronics / Consumer & Gadgets
Oct 30, 2009 |
3.8 / 5 (4) |
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(AP) -- Apple's iPhone is making its long-awaited formal debut in the world's most populous mobile phone market, without a key feature and at higher prices than widely available black market models.
