All you need to know about: Market
A market refers to a type of system or place in which buyers and sellers engage in the exchange of goods, services, or information which may or may not be for money. Markets can be physical, such as an open-air market, shops, or malls or they could be in a virtual format like the internet and e-commerce. A market functions with the help of proper supply and demand of the goods in’ theory and the sources of these goods demand and supply determines their pricing’ sort of attitude. It can then be classified into small local markets, where for example, small vendors reach out to customers directly, or extentong to encompassing wide geographical regions, for example, a country or several countries ‘bound’ markets. Markets have an important role in any economy because they make it possible to use resources, including goods and services, in an optimal way.
