Term of the Day market An actual or nominal place where forces of demand and supply operate, and where buyers and sellers interact (directly or through intermediaries) to tradegoods, services, or contracts or instruments, for money or barter. Markets include mechanisms or means for (1) determining price of the traded item, (2) communicating the price information, (3) facilitating deals and transactions, and (4) effecting distribution. The market for a particular item is made up of existing and potential customers who need it and have the ability and willingness to payfor it. Learn more about this term Usage Example The United States has one of the biggest stock markets in the world, where billions of dollars are used to buy, sell, and trade stocks daily.

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