What is Mean by Market in General, Economics and Business ?

In General : Market means a particular place where various products traded between buyers and sellers.

Economically : The term market does not mean a particular place but a commodity or commodities the buyers and sellers of which are in competition with each other to trade the commodity or commodities by a bargained agreed price.


Business and Marketing : The term market means a set of actual and potential buyers of a product or services.

Actual buyers : A set of buyers who are buying the product presently or currently of a company. Actual buyer refers the real present buyer of a product.

Potential buyers : A set of buyers who are not actual buyer of a product but have a possibility of being a buyer in the near future of a product called potential buyers.


Financially: A market in terms of finance can be defined as a market of financial instruments like Shares, Bonds and other securities & commodities.



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