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Information about Market

A market is a mechanism which allows people to trade, normally governed by
the theory of supply and demand. Both general 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 to a
command economy.

The traditional market is a city square where traders set up stalls and
buyers browse the merchandise. This kind of market is very old, and
countless such markets are still in operation around the whole world. An
example of a large market is Chatuchak weekend market in Bangkok. The Roman
term for market, still in use in a related sense, is forum.

In modern times, mainly after the invention of the electronic computer,
markets are not always located in a physical space. Such virtual markets
consist of communication paths where information exchange is easy and deals
may be struck. A notable example of this is the international currency market.

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