Market

A market is a structured system or environment where buyers and sellers interact to exchange goods, services, or information. It can be a physical location, such as a marketplace or store, or it can exist in a virtual space, such as online platforms. Markets facilitate trade by providing a platform for the negotiation of prices and the transfer of ownership of products and services. They can be organized in various forms, including free markets, where prices are determined by supply and demand, or regulated markets, where governmental rules influence pricing and transactions. Different types of markets serve various sectors, including consumer markets, business-to-business markets, labor markets, and financial markets, each characterized by their unique participants and dynamics. By enabling exchanges, markets play a crucial role in the economy, influencing production, consumption, and the allocation of resources.