Business

Stormclouds gather for Facebook's Libra currency

International outcry is mounting over Facebook's Libra—with central banks, governments and regulators railing against the social media giant's upstart cryptocurrency.

Business

Bill giving protections to Uber drivers, others moves ahead

California lawmakers sent the governor a bill Wednesday that would give new wage and benefit protections to workers at so-called gig economy companies such as Uber and Lyft where people pick up jobs on their own schedule.

Energy & Green Tech

Volkswagen bets big on electric. Will consumers buy in?

Volkswagen is rolling out what it bills as the breakthrough electric car for the masses, the leading edge of a wave of new battery-powered vehicles about to hit the European auto market. The cars are the result of massive ...

Engineering

Report examines how to make technology work for society

Automation is not likely to eliminate millions of jobs any time soon—but the U.S. still needs vastly improved policies if Americans are to build better careers and share prosperity as technological changes occur, according ...

Consumer & Gadgets

New Huawei handset to launch without Google apps

Huawei's upcoming flagship Mate 30 smartphone will launch next month without key Google apps, creating a disadvantage for the Chinese tech giant hit by US sanctions.

Business

Tencent Q2 earnings beat estimates on gaming growth

Chinese internet giant Tencent said Wednesday its net profit jumped 35 percent in the second quarter, as the company continued to wriggle out of Beijing's crackdown on online gaming and build mobile game growth.

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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