DEFINITION of 'Market'
1. A medium that allows buyers and sellers of a specific good or service to interact in order to facilitate an exchange. This type of market may either be a physical marketplace where people come together to exchange goods and services in person, as in a bazaar or shopping center, or a virtual market wherein buyers and sellers do not interact, as in an online market.
2. The general market where securities are traded. This form of the term may also refer to specific securities markets and may take place in person or online.
3. People with the desire and ability to buy a specific product or service.
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