Market (economics)
id:
market-economics-176-3456344
title:
Market (economics)
text:
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society.
brand slug:
wiki
category slug:
encyclopedia
description:
System in which parties engage in transactions according to supply and demand
original url:
https://en.wikipedia.org/wiki/Market_(economics)
date created:
2001-09-11T13:51:06Z
date modified:
2024-09-03T15:14:07Z
main entity:
{"identifier":"Q37654","url":"https://www.wikidata.org/entity/Q37654"}
image:
fields total:
13
integrity:
15