wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is a market? -


Open in App
Solution

Answer:

A market is described as the total sum of all the purchasers and sellers in the area or region being considered. The area may be the earth, country, region, state, or city. The worth, expense and cost of traded items are according to the supply & demand forces of a market. The market can be, or virtual, a physical entity. Perfect and incomplete can be domestic or international.

Types of market

There are two primary forms of market, namely economic markets & physical markets.

  1. Economic market

A few of the popular forms of markets included in these areas such as medical and Financial Market, Stock Market, Foreign exchange Market, Real Estate Marketing, Niche Market, agriculture Marketing, Energy Market, and so on.

  1. Physical markets

It may include Bazaar, Grocery Market, Fish Market, Market Area, Supermarket, Street Market, Farmer’s Market, Public Market and so on.


flag
Suggest Corrections
thumbs-up
20
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Neighbourhood Shops
CIVICS
Watch in App
Join BYJU'S Learning Program
CrossIcon