World Model · podcast knowledge graph
MARKET (concept)

MARKET concept

3 mentions · across 1 show

In economics, a market is any structure that allows buyers and sellers to exchange goods, services and information. The exchange of goods or services, either with money or without it, is a transaction. In free market economies, they are the process by which prices and allocations of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society by allowing tradeable items to be evaluated and priced. A market emerges more or less spontaneously or may be constructed deliberately through human interaction in order to enable the exchange of rights of services and goods. Markets generally supplant gift economies and are often held

https://en.wikipedia.org/wiki/Market_(economics)

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