Automotive

China opens auto show under anti-disease controls

Ford, Nissan and BMW unveiled new electric models with more range for the Chinese market on Saturday as the Beijing auto show opened under anti-virus controls that included holding news conferences by international video ...

Automotive

New SUV is next step in VW's post-scandal electric offensive

Volkswagen is unveiling a battery-powered sport-utility vehicle that is headed for global markets including the United States and China, as the company takes a major step forward in its campaign to make electric cars a mass-market ...

Business

Apple to open its first India online store

Apple will launch its first online store in India next week, the Silicon Valley giant said Friday, hoping to cash in on the country's festive season and grow its tiny share of the booming market.

Consumer & Gadgets

Apple out to reignite growth with line updates

Apple is expected to spotlight its smartwatch, iPad, and subscription services on Tuesday as it strives to reignite growth with a must-have holiday line-up.

Software

Huawei releases OS source code in push for own ecosystem

Chinese telecom giant Huawei on Thursday said its nascent homegrown operating system could be available on smartphones early next year, as it pushes to build an alternative app ecosystem after the US barred it from using ...

page 1 from 25

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