Market
![]() In general parlance, a market is a location where those willing to pay a price for something meet those willing to sell it. In marketing, a market is the sum total of potential buyers of a product. ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
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~ ~ ~ ~ ~ ~ ~ ~ ~ ~ In economics, a market is a mechanism which allows people to trade, normally governed by the theory of supply and demand, and thereby allocates resources through a price mechanism. It typically involves a bid and ask process. ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Both general markets (where many commodities are traded) and specialised markets (where only one commodity is traded) exist. Markets work by placing many interested sellers in one "place", thus making them easier to find for prospective buyers. An economy which relies primarily on interactions between buyers and sellers to allocate resources is known as a market economy in contrast either to a command economy or to a non-market economy that is based, e.g., on gifts. ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Marketing: Marketing is the process of planning and executing the pricing, promotion, and distribution of goods, ideas, and services to create exchanges that satisfy individual and organizational goals." American Marketing Association.... Product: There are several usages of the word product, see:... Economics: Economics (from the Greek οίκος , 'house', and νομος , 'rule', hence "household management") is a social science that studies the production, distribution, trade and consumption of goods and services. Economics is said to be positive when it tries... Market related Images and Photos (experimental)
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~ Related Subjects ~Trade (2) - Consumption (1) - Distribution (1) - Social science (1) - Production (1) - Goods (1) - Observation (1) - Normative (1) - Positive (1) - Assumption (1) - Greek (1) - Economics (1) - Supply and demand (1) - Marketing (1) - Product (1) -~ Community ~
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