market
Definition
Actual or conceptual (see marketspace) place in commercial world where forces of demand and supply operate, and where buyers and sellers interact (directly or through intermediaries) to trade goods, services, or contracts or instruments, for money or barter. Markets include mechanisms or means for (1) determining price of the traded item, (2) communicating the price information, (3) facilitating deals and transactions, and (4) effecting distribution. Market for a particular item is made up of existing and potential customers who need it and have the ability and willingness to pay for it. All markets, ultimately, consist of people. Also called marketplace.
market is in the Advertising, Marketing, & Sales and Economics, Politics, & Society subjects.
market appears in the definitions of the following terms:
breadth of the market theory,
market leader,
NASDAQ stock market,
mark down,
risk premium,
Europe, Australia, and Far East index (EAFE Index),
product launch,
London Interbank Offered Rate (LIBOR),
group house,
tick
and
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