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An arrangement where buyers and sellers interact to exchange goods and services at agreed prices. It does not have to be a physical place; it can also exist online or through other means of communication. In a market, prices are determined by the interaction of demand and supply. Markets facilitate trade, help in efficient allocation of resources, and play an important role in the functioning of an economy.
An arrangement where buyers and sellers interact to exchange goods and services at agreed prices. It does not have to be a physical place; it can also exist online or through other means of communication. In a market, prices are determined by the interaction of demand and supply. Markets facilitate trade, help in efficient allocation of resources, and play an important role in the functioning of an economy.
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