TeachMeFinance.com - explain market
Market -- A setting in which buyers and sellers establish prices for identical or very similar products, and exchange goods or services.
market -- (1) all persons possessing the ability and desire or potential desire to purchase and take delivery of a product or service. (2) the estimated or actual level of demand for a product or service.
Market -- A market is a place where dealings are conducted, as dealings in stocks or in grain, cotton or coffee, etc. The expression "the market," is commonly employed as a general designation for the business, whether on an exchange or not, in stocks or commodities, as the market is strong or active or weak or dull. The lending of money is not concentrated in one place ; it is in the hands of many persons with whom negotiations are conducted in person by borrowers or through brokers at the individual places of business of the lenders, and yet it is the practise to speak of the money market as a collective affair. On the London Stock Exchange the jobbers who deal in a particular stock or a particular group of stocks constitute the market in that stock or group of stocks ; likewise, the place where they congregate is called the market in that stock or group of stocks. Accordingly, there are many markets on the London Stock Exchange. The place where American stocks are dealt in is called the American market ; the place where South African mining shares are dealt in is called the Kaffir market ; and so on.
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