Meaning of MARKET in English


Means by which buyers and sellers are brought into contact with each other and goods and services are exchanged.

The term originally referred to a place where products were bought and sold; today a market is any arena, however abstract or far-reaching, in which buyers and sellers make transactions. The securities and currencies . Classical economists developed the theory of perfect competition, in which they imagined free markets as places where large numbers of buyers and sellers communicated easily with each other and traded in commodities that were readily transferable; prices in such markets were determined only by supply and demand . Since the 1930s, economists have focused more often on the theory of imperfect competition, in which supply and demand are not the only factors that influence the operations of the market. In imperfect competition the number of sellers or buyers is limited, rival products are differentiated (by design, quality, brand name, etc.), and various obstacles hinder new producers' entry into the market.


[c mediumvioletred] (as used in expressions)

free market economy

bear market

black market

bull market

market research

money market

open market operation

over the counter market

stock market

Stock Market Crash of 1929

the Common Market

direct mail marketing

{{link=marketing board">marketing board

Britannica English dictionary.      Английский словарь Британика.