Business

Deliveroo targets $7 billion valuation for IPO

British meals delivery company Deliveroo, boosted by demand during the coronavirus pandemic, said Sunday it was targeting a stock market listing after a fundraising round valued the company at more than $7.0 billion.

Business

US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China

The U.S. government has blacklisted Chinese smartphone maker Xiaomi Corp. and China's third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump's last week in office.

Business

Google muscles up with Fitbit deal amid antitrust concerns

Google has completed its $2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even stronger while U.S. government regulators pursue an antitrust case aimed at undermining ...

Business

India IT giant TCS sees profits jump on pandemic demand

India's largest software exporter Tata Consultancy Services saw its quarterly profits climb more than seven percent Friday, citing strong demand for its cloud services as the pandemic boosts remote working.

Internet

How the blockchain can unshackle markets

The blockchain that underpins digital currencies can be used much more widely to create smart contracts and immutable and protected digital products and services. The potential of this innovation is only now being recognized ...

Automotive

Difficult 2020 ends on an improving note for US carmakers

General Motors and Toyota reported strong US sales at the end of 2020 on Tuesday, reflecting surprisingly robust consumer demand that mitigated the sales drop for the full year in the wake of COVID-19.

Automotive

PSA and Fiat Chrysler close in on mega-merger

Shareholders gave their blessing on Monday to a merger of carmakers PSA and Fiat Chrysler that catapults the new company "Stellantis" into fourth place globally, as the auto industry races to make the transition to cleaner ...

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Market

A market is any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy. It is an arrangement that allows buyers and sellers to exchange things. Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded. Some examples include local farmers’ markets held in town squares or parking lots, shopping centers and shopping malls, international currency and commodity markets, legally created markets such as for pollution permits, and illegal markets such as the market for illicit drugs.

In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services for money is a transaction. Market participants consist of all the buyers and sellers of a good who influence its price. This influence is a major study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand. There are two roles in markets, buyers and sellers. The market facilitates trade and enables the distribution and allocation of resources in a society. Markets allow any tradable item to be evaluated and priced. A market emerges more or less spontaneously or is constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods.

The historical origin of markets is the physical marketplaces which would often develop into small communities, towns and cities.[citation needed]

This text uses material from Wikipedia, licensed under CC BY-SA