Robotics

Elon Musk says Tesla will unveil robotaxi in August

Elon Musk revealed Friday that Tesla will pull back the curtain on a robotaxi this summer, news that comes as the adoption of self-driving vehicles hits speed bumps over safety concerns.

Business

How vulnerable are European countries to changes in gas prices?

On 24 February 2022, the Russian army entered Ukraine, escalating a conflict that had begun almost a decade earlier. On the same day, the European Council held an urgent meeting to respond to the aggression and to study emergency ...

Energy & Green Tech

Study examines cost competitiveness of zero-emission trucks

Medium- and heavy-duty vehicles (MHDVs) account for just 5% of vehicles on the road in the United States, yet they are responsible for 21% of transportation-related greenhouse gas emissions. Reducing MHDV emissions is vital ...

Business

Microsoft to invest $2.9 bn in Japan AI push

Microsoft on Tuesday announced a $2.9 billion investment over the next two years in Japan to bolster the country's push into artificial intelligence and strengthen its cyber defenses in the face of threats from China and ...

Consumer & Gadgets

Why won't some people use a smartphone? And is that difficult?

In a world where more and more services and social interaction are based on mobile apps, a smartphone has become close to a necessity. Despite this, some people avoid smartphones and instead use a dumbphone—a traditional ...

Energy & Green Tech

Bumpy ride for electric cars in Europe

Electric cars are a key part of Europe's green transition plans but the road ahead remains littered with obstacles with 10 years to go before a crucial milestone.

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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