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 ...
Over the past several decades, we have seen how China’s high economic growth and increasing economic integration with other countries have led to a dramatic increase in its clout in global output and trade.
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".
Nouriel Roubini, a.k.a. “Doctor Doom”, is chairman of Roubini Global Economics and professor of economics at New York University’s Stern School of Business. Roubini has been consistently cited as one of the world’s top global thinkers. This year, he was voted as the most influential economist in the world by Forbes magazine.
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.
Vice President and Director of the Global Economy and Development Program at the Brookings Institution. Former Turkish Minister of State for Economic Affairs. Head of the United Nations Development Program (UNDP) from 2005-2009.