Difference between revisions of "Market"
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| − | ''' | + | A '''market''' is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market. The market may be a physical entity, or may be virtual. It may be local or global, perfect and imperfect.<ref>Definition - What is the Meaning of Market [https://economictimes.indiatimes.com/definition/markets Economic Times]</ref> |
Revision as of 21:21, 16 April 2020
A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market. The market may be a physical entity, or may be virtual. It may be local or global, perfect and imperfect.[1]
- ↑ Definition - What is the Meaning of Market Economic Times