Market

The market in business and economics is not just a physical location; it is any context in which the exchange of goods, services, and information occurs. Markets can be local, regional, national, or global and can take the form of face-to-face exchanges, digital platforms, or a combination of both. They are characterized by the dynamics of supply and demand, which help determine prices and quantities sold. Markets are fundamental to the capitalist economic system, facilitating trade and influencing the production and distribution of resources.