For the island shared by Finland and Sweden, see Märket. Märket (ˈmærkə(t Swedish for "The Mark" is a small uninhabited Skerry in the Baltic Sea

A street market in Aix-en-Provence, France

In economics, a market is a social structure that has emerged more or less spontaneously or has been constructed deliberately by human interaction to enable the exchange of rights (cf. A Street market is an outdoor Market such as traditionally held in a Market square in a Market town, and are often held only on particular days of the week Aix (ɛks or Aix-en-Provence ( Provençal Occitan: Ais de Provença in classical norm or Ais de Prouvènço in Mistralian norm to distinguish This article is about the country For a topic outline on this subject see List of basic France topics. Economics is the social science that studies the production distribution, and consumption of goods and services. ownership) of services and goods. Ownership is the state or fact of exclusive rights and control over Property, which may be an object, land/real estate, Intellectual property Markets enable services, firms and products to be evaluated and priced. Price in Economics and Business is the result of an exchange and from that trade we assign a numerical Monetary value to a good, There are two roles in markets, buyers and sellers. For a name see Bayer or Beyer or Beyers. For the occupation in the fashion industry see Buyer (fashion. The definition implies that at least three actors are needed for a market to exist; at least one actor, on the one side of the market, who is aware of at least two actors on the other side whose offers can be evaluated in relation to each other. A market allows buyers and sellers to discover information and carry out a voluntary exchange of goods or services. Information as a concept has a diversity of meanings from everyday usage to technical settings A service is the non-material equivalent of a good. A service provision is an economic activity that does not result in Ownership, and this is what differentiates This is commonly done through trade. Trade is the willing exchange of goods, services, or both Trade is also called Commerce. These trades may be handled a variety of ways, but in small market environments, buyers and sellers typically deal in currency, and goods. A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is In everyday usage, the word "market" may also refer to the location where goods are traded, or in other words, the marketplace. In Geography, location is a position or point in Physical space that something occupies on Earths' surface

Types of markets

In supermarkets, industrialized countries, such as this one in Netherlands, sellers periodically change prices for classes of goods in response to market conditions, rather than negotiating the price of each good with each buyer. Customer divider barjpg|thumb|In supermarkets sellers periodically change prices for classes of goods in response to market conditions rather than negotiating the price of each good The Netherlands ( Dutch:, ˈnedərlɑnt is the European part of the Kingdom of the Netherlands, which consists of the Netherlands the Netherlands In Investing, Financial markets are commonly believed to have market trends that can be classified as primary trends secondary trends (short-term and secular trends

Although many markets exist on the traditional sense--such as a flea market--there are various other types of markets and various organizational structures to assist their functions. A flea market or swap meet is a type of Bazaar where inexpensive or secondhand goods are sold or bartered

A market can be organized as an auction, as a private electronic market, as a shopping center, as a complex institution such as a stock market, and as an informal discussion between two individuals. "Auctioneer" redirects here For the DC Comics supervillain see Auctioneer (comics. A private electronic market (PEM utilises the internet to connect a limited number or pre-qualified buyers or sellers in one market A stock market, or (equity market is a private or public market for the trading of company Stock and derivatives of company

In economics, a market that runs under laissez-faire policies is a free market. Laissez-faire ( pronunciation: French,; English,) is a French phrase literally meaning Let do (“allow to do” A free market is a Market in which property rights are voluntarily exchanged at a price arranged completely by the mutual consent of sellers and buyers It is "free" in the sense that the government makes no attempt to intervene through taxes, subsidies, minimum wages, price ceilings, etc. In Economics, a subsidy (also known as a subvention is a form of financial assistance paid to a business or economic sector A minimum wage is the lowest hourly daily or monthly Wage that employers may legally pay to employees or workers A price ceiling is a government-imposed limit on how high a price can be charged on a product Market prices may be distorted by a seller or sellers with monopoly power, or a buyer with monopsony power. In Economics, a monopoly (from Greek monos, alone or single + polein, to sell exists when a specific individual or enterprise has sufficient In Economics, a monopsony (from Ancient Greek μόνος (monos "single" + ὀψωνία (opsōnia "purchase" is a Market form Such price distortions can have an adverse effect on market participant's welfare and reduce the efficiency of market outcomes. Also, the level of organization or negotiation power of buyers, markedly affects the functioning of the market. Markets where price negotiations do not arrive at efficient outcomes for both sides are said to experience market failure. Market failure is a concept within economic theory wherein the allocation of goods and services by a Free market is not efficient.

Most markets are regulated by state wide laws and regulations. Law is a system of rules enforced through a set of Institutions used as an instrument to underpin civil obedience politics economics and society This article is for the legal term For regulation of genes see Regulation of gene expression. While barter markets exist, most markets use currency or some other form of money. Barter is a type of Trade in which goods or services are directly exchanged A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is Money is anything that is generally accepted as Payment for Goods and services and repayment of Debts.

Markets of varying types can spontaneously arise whenever a party has interest in a good or service that some other party can provide. Hence there can be a market for cigarettes in correctional facilities, another for chewing gum in a playground, and yet another for contracts for the future delivery of a commodity. There can be black markets, where a good is exchanged illegally and virtual markets, such as eBay, in which buyers and sellers do not physically interact. eBay Inc is an American Internet company that manages eBaycom an Online auction and shopping Website in which people and businesses buy and There can also be markets for goods under a command economy despite pressure to repress them.

The market can be divided into several types according to various functions. Most investors prefer investing in two markets, the stock markets and the bond markets. NYSE, AMEX, and the NASDAQ are the most common stock markets in the US.

See also

A produce market in Banfora, Burkina Faso

• Farmers' market
• Financial market
• Grocery store
• Marketplace
• Market square
• Market town
• Market customization
• Market economy
• Market microstructure
• Media market
• Stock market
• Street market
• Supermarket

References

Marshall, A. Farmers' markets, sometimes called greenmarkets, are Markets usually held out-of-doors in public spaces where Farmers can sell produce Banfora is a city in south western Burkina Faso with a population of 63300 people (2007 Burkina Faso (bɚˌkiːnəˈfɑːsoʊ burr-KEE-na FAH-soh) also known by its short-form name Burkina, is a Landlocked nation in West Africa Farmers' markets, sometimes called greenmarkets, are Markets usually held out-of-doors in public spaces where Farmers can sell produce In Economics, a financial market is a mechanism that allows people to easily buy and sell ( Trade) financial Securities (such as stocks and bonds A grocery store is a store established primarily for the Retailing of Food. A marketplace is the space actual or metaphorical in which a Market operates Market Square may refer to any Market square. Market Square may also refer to;Specific market squares In Canada Market Square Market town or market right is a legal term originating in the Medieval period for a European settlement that has the right to hold Markets Market Customization “ Customize ”– to modify (something according to a customer’s individual requirements A market economy is a realized Social system based on the Division of labour in which the prices of Goods and Services are determined in a Market Microstructure is a branch of finance concerned with the details of how exchange occurs in Markets. A media market, broadcast market, media region, designated market area, DMA or simply market is a region where the Population A stock market, or (equity market is a private or public market for the trading of company Stock and derivatives of company A Street market is an outdoor Market such as traditionally held in a Market square in a Market town, and are often held only on particular days of the week Customer divider barjpg|thumb|In supermarkets sellers periodically change prices for classes of goods in response to market conditions rather than negotiating the price of each good (1961). Principles of Economics. C. W. Guillebaud, Ed. 2 Vol. London: Macmillan.

Sources

• Microeconomics by Robert S. Pindyck, Daniel L. Rubinfeld

External links

• Qualitionary - Legal Definitions - Market
• The EU's Market Access Strategy in a Changing Global Economy