It is very important to know the Meaning of Market closely. A market is a place which allows the purchaser and the seller to invent and gather informations and lets them carry out exchange of various products and services. In other words the Meaning of Market refers to a place where the trading of goods take place. The place can be a market place or a street market.
In order to understand the Meaning of Market the market function is an important issue to delve into. The market function is there so that the satisfaction of the buyers and sellers during a transaction can be ensured.. The market generally depends on the adjustments of the price so that it can inform the participants involved in a transaction. This is done so that both the buyer and the seller are well informed and can bargain the right price out and satisfy themselves somewhat. Another main function of the market is to keep the prices under check and control fluctuations in supply and demand to reach allocative efficiency.
Various Types of Markets
Although there are many kinds of traditional markets that exist like flea market, there can also be found various types of them and with different institutional body to its functions.
A market can be organized in many ways. Some of them are:
A complex institution like Stock Market
Intimate discussion between two or more personalities.
Rules and means of transactions
To understand the Meaning of Market one should know the rules and regulations of the market. A market is normally governed by the laws of the state the market belongs to. Most markets make transactions through currency or something equivalent to money. It should not be forgotten though that barter markets also exist.
One can find various types illegal markets which actually harm the economy of a country, like markets which provide pirated goods.
TD Ameritrade Holding Corporation (Ameritrade), through its brokerage subsidiaries, provides securities brokerage services and technology based financial services to retail investors, traders and independent registered investment ...
Compete, a Kantar Media company, is engaged in delivering digital intelligence services based on the online behavior of consumers and survey panel in the automotive, financial services, media, mobile, online, retail, telecom and travel ...
The dollar is mixed against the majors. The euro and pound were little changed, at $1.2730 and $1.6130. The dollar is outperforming against the Scandies, especially the Norwegian krone, but it is flat against the yen at ¥108.10. The Canadian dollar and Australian dollar are outperforming on the day. In the EM space, Brazil closed 2.5% stronger yesterday, while most EM currencies are trading today with a stronger tone, notably TRY and IDR. On the other side of spectrum, RUB continues to underperform. The MSCI Asia Pacific index gained 1.3%, while EuroStoxx is up about 0.5% near midday.
Professor at Columbia University. Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 & the John Bates Clark Medal in 1979. Author of "Freefall: America, Free Markets", "The Sinking of the World Economy", "Globalisation and its Discontents" & "Making Globalisation Work".
Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. IMF’s Chief Economist from September 2003 to January 2007. Inaugural recipient of the Fischer Black Prize.
Professor of Economics & Director of the Earth Institute at Columbia University. Special Adviser to the UN Secretary-General on the Millennium Development Goals. Founder & co-President of the Millennium Promise Alliance.
Chancellor of the Exchequer of the United Kingdom from 1992 to 2007. Prime Minister of the UK between 2007 and 2010. Inaugural 'Distinguished Leader in Residence' at New York University. Advisor at World Economic Forum
Andrea Edwards has worked in marketing and communications all over the globe for 20 years, and is now focused on her passion – writing. A gifted communicator, strategist, writer and avid blogger, Andrea is Managing Director of SAJE, a digital communications agency, and The Writers Shop – a regional collaboration between the best business writers in Asia Pacific
James W. Harpel Professor of Capital Formation and Growth at the John F. Kennedy School of Government in Harvard University. Director of Program in International Finance and Macroeconomics at the National Bureau of Economic Research.