Automotive

Daimler mulls slashing 1,100 senior jobs: report

German luxury carmaker Daimler plans to cut 1,100 management jobs worldwide in fresh efforts to cut costs as it grapples with expensive recalls and a slowing global market, a German newspaper reported Friday.

Business

Crypto-currencies and criminality: myth or reality?

The recent bust of a worldwide international paedophile ring using Bitcoin payments highlighted one of the key fears surrounding crypto-currencies—their use by criminals.

WeWork's ex-CEO faces new pregnancy discrimination complaint

A former top aide to WeWork co-founder Adam Neumann has filed a federal discrimination complaint against him, saying she was demoted for becoming pregnant, subjected to derisive comments and ultimately fired for raising concerns.

Software

Spotify launches standalone music app for kids

Spotify wants to hook your kids on music at an early age. And the Swedish company is doing so by launching a tailored Spotify Kids app on Wednesday, initially in beta and only in Ireland. Though make no mistake, Spotify has ...

Energy & Green Tech

To rid electric grid of carbon, shore up green energy support

Cornell and Northwestern University engineers, along with a federal economist, have created an energy model that helps to remove carbon-generated power from the U.S. electric grid—replacing it with a greener, financially ...

Automotive

Daimler profits nose ahead in third quarter

German carmaker Daimler reported Thursday a return to quarterly profits in July-September after its first three-month loss in 10 years, but said more work was ahead as it confronts a slowing global market.

Business

WeWork co-founder pushed aside in $5B SoftBank takeover

WeWork is accepting a financial rescue package that hands control of the company to Japanese tech giant SoftBank and pushes aside co-founder Adam Neumann and his grandiose vision of changing the world through communal working.

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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