Market (economics)/Definition: Difference between revisions

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imported>Roger A. Lohmann
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imported>Nick Gardner
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A number of buyers and sellers of a product or bundle of products usually subject to the price mechanism.
In economics, the conjunction of potential  buyers and potential sellers of a product, in any context in which exchanges can be arranged, using money or by barter.

Revision as of 02:55, 25 April 2008

In economics, the conjunction of potential buyers and potential sellers of a product, in any context in which exchanges can be arranged, using money or by barter.