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A market is a structured environment, either physical or virtual, where buyers and sellers convene to trade goods and services. This trading hub operates based on the principles of supply and demand which dictate the value of the goods and services exchanged. Markets are versatile, existing in various forms including online platforms and traditional physical settings, and can host transactions for a wide range of tradeable items, from commodities to financial instruments. It is a cornerstone in the facilitation of economic transactions in society.
According to the Oxford Dictionary definition, ‘an occasion when people buy and sell goods; the open area or building where they meet to do this’. Usually, it is a place where both the seller and buyers get together to perform the exchange process of goods and services. A physical market, like-wise a retail outlet, where parties can be each in case of the physical market while no gathering of parties is important to carry out the exchange process of goods and services. This can be done through online platforms virtually.
One can easily define a Market where both the buyers and sellers are compatibly present along with goods and services that may further be purchased or sold out accordingly.
SEBI (Securities and Exchange Board of India) is a statutory body that regulates the stock, bond, and currency markets in India. It monitors, regulates & improves the capital market of India in terms of issuing securities, protecting the investor’s interest & providing financial mediators. It creates regulations and several provisions to prevent fraud and make sure that traders and investors have the correct information to make the most informed decisions possible.
Some characteristics are usually needed to define a market and help in its smooth functioning. Some are listed below-
A market is a suitable area where both buyers and sellers can reach out to perform the exchange or transactions related to goods and services. Markets may have their physical as well as virtual locations where economic transactions can be made possible. Markets have their physical locations, like retail stores and a few other businesses that support individual goods to sell or the wholesale markets for selling goods and services to distributors. Markets are created for different reasons, such as the types of products to sell out, their physical locations, their size, etc.
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