Global economy

What is a Market?

Posted on January 2, 2014 | in Marketing | by
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What is a Market?

A market is a group of buyers and sellers of a particular good or service. There are two kind of markets: physical marketplace and virtual market place.

Shopping center, bazaar or shopping mall is a physical market place where goods or services physically change hands. Stock exchanges are example for virtual market place where stocks, bonds and other financial instruments are traded online.

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