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market

  (mär'kĭt) pronunciation
n.
  1. A public gathering held for buying and selling merchandise.
  2. A place where goods are offered for sale.
  3. A store or shop that sells a particular type of merchandise: a vegetable market.
    1. The business of buying and selling a specified commodity: the soybean market.
    2. A market price.
    3. A geographic region considered as a place for sales: grain for the foreign market; the West Coast market.
    4. A subdivision of a population considered as buyers: cosmetics for the upscale market.
  4. The opportunity to buy or sell; extent of demand for merchandise: a big market for gourmet foods.
    1. An exchange for buying and selling stocks or commodities: securities sold on the New York market.
    2. The entire enterprise of buying and selling commodities and securities: The market has been slow recently.

v., -ket·ed, -ket·ing, -kets.

v.tr.
  1. To offer for sale.
  2. To sell.
v.intr.
  1. To deal in a market.
  2. To buy household supplies: We marketed for a special Sunday dinner.
idioms:

in the market

  1. Interested in buying: We are in the market for a used car.
on the market
  1. Available for buying: Many kinds of seasonal flowers are on the market.
  2. Up for sale: They put the family business on the market.

[Middle English, from Old North French, from Vulgar Latin *marcātus, from Latin mercātus, from past participle of mercārī, to buy, from merx, merc-, merchandise.]


 
 

1. Typically refers to the equity market where stocks are traded, but can also refer to the bond, options, or commodity market.

2. People with the desire and ability to buy a specific product.

Investopedia Says:
"The market was down today'' means the value of the stock market dropped.

Related Links:
Be in the know - learn about the five most talked about indexes and what makes them all different. A Market By Any Other Name
Know the four main avenues of transacting investment instruments. How Does Someone Actually Transact Securities?
If you're new to the stock market and want the basics, this is the tutorial for you! Stock Basics Tutorial


 

1. Economic system bringing together the forces of supply and demand for a particular good or service. A market consists of customers, suppliers, and channels of distribution, and mechanisms for establishing prices and effecting transactions. For example, the softdrink market comprises the manufacturers, bottlers, distributors, retailers, restaurants, and consumers. See also marketing.

2. Sell some good or service.

 

1. Aggregate of supply and demand that brings together informed buyers and sellers, and sets the public price for products or services. For example, the Credit market, the foreign exchange market, the Money Market the mortgage market, and the Secondary Market.

2. Public place, such as a stock exchange, or futures exchange, where trading takes place. It implies the presence of market makers who are willing to buy or sell for their own account, or for customers, at quoted prices. Futures exchanges are open outcry markets, where prices are set by direct interaction (hand signals) by traders on the trading floor. Securities exchanges, where listed securities are sold, involve trading by brokers or dealers acting on behalf of buyers or sellers, who maintain contact with the trading floor by telephone.

3. To sell anything of value to a willing buyer at a mutually agreeable price.

 

1. Place where buyers and sellers congregate; process by which things of value are exchanged for money.
Example: The housing market in Minneapolis is principally composed of buyers, sellers, brokers, and all properties being considered for purchase or sale, including those under construction.

2. Conditions under which a commodity or product is sold.
Example: The market for mortgage loans in Minneapolis is affected by national interest rates and local supply and demand for funds.

3. Publicize and promote the sale of a product or service.
Example: The builders plan to market the subdivision over the next year.

 
Thesaurus: market

verb

    To offer for sale: deal (in), handle, merchandise, merchant, peddle, retail, sell, trade (in), vend. See transactions.

 
Antonyms: market

v

Definition: package and sell goods
Antonyms: buy


 

The place where goods and services are bought and sold; this includes any convenient arrangement whereby people can buy and sell goods, services, and factors of production and is therefore not a particular site.

 

The analogy between political exchange and market exchange has occurred to many thinkers over the centuries but has been formalized in the last 100 years (see also economic man; exchange theory). Politics has been conducted in the market-places of cities at least since the ancient Greeks. In the market analogy, voters are compared with consumers, organized interests with producers of goods, and politicians with entrepreneurs and shopkeepers. Each political actor is regarded as maximizing utility, subject to a budget constraint (that is, with only a limited amount of money or number of votes to dispose of). Like any analogy, that from the market to politics can be dangerous if followed too slavishly.

 

Means by which buyers and sellers are brought into contact with each other and goods and services are exchanged. The term originally referred to a place where products were bought and sold; today a market is any arena, however abstract or far-reaching, in which buyers and sellers make transactions. The commodity exchanges in London and New York, for example, are international markets in which dealers communicate by telephone and computer links as well as through direct contact. Markets trade not only in tangible commodities such as grain and livestock but also in financial instruments such as securities and currencies. Classical economists developed the theory of perfect competition, in which they imagined free markets as places where large numbers of buyers and sellers communicated easily with each other and traded in commodities that were readily transferable; prices in such markets were determined only by supply and demand. Since the 1930s, economists have focused more often on the theory of imperfect competition, in which supply and demand are not the only factors that influence the operations of the market. In imperfect competition the number of sellers or buyers is limited, rival products are differentiated (by design, quality, brand name, etc.), and various obstacles hinder new producers' entry into the market.

For more information on market, visit Britannica.com.

 

1. Periodic gathering of people in order to buy and sell goods.

2. Building, public place (e.g. market square), etc., used for such gatherings, e.g. a fish market.

3. Privilege granted to the lord of a manor, municipality, etc., to establish a market (1).

 

[MC]

A defined place where people periodically gather together at predetermined times for the purchase and sale of goods, livestock, services, or commodities of various kinds within the structure of a market economy. From Greco-Roman times onwards such activities usually took place in fairly elaborate surroundings, often in the centre of towns and cities. Throughout medieval Europe settlements were constructed around market-places which took on other social functions too.

 
Word Tutor: market
pronunciation

IN BRIEF: A meeting together of people to buy and sell.

pronunciation Competition should not be for a share of the market—but to expand the market. — W. Edwards Deming, (1900-1993), American management guru.

 
Quotes About: Market

Quotes:

"The buyer needs a hundred eyes; the seller but one." - Italian Proverb

"The market is a place set apart where men may deceive each other" - Diogenes Laertius

"There are more fools among buyers than among sellers." - French Proverb

 
Wikipedia: market
A street market in Aix-en-Provence, France
Enlarge
A street market in Aix-en-Provence, France

A market is a social arrangement that allows buyers and sellers to discover information and carry out a voluntary exchange of goods or services. It is one of the two key institutions that organize trade, along with the right to own property. In everyday usage, the word "market" may refer to the location where goods are traded, sometimes known as a marketplace, or to a street market.

Function

A produce market in Banfora, Burkina Faso
Enlarge
A produce market in Banfora, Burkina Faso

The function of a market requires, at a minimum, that both parties expect to become better off as a result of the transaction. Markets generally rely on price adjustments to provide information to parties engaging in a transaction, so that each may accurately gauge the subsequent change of their welfare. In less sophisticated markets, such as those involving barter, individual buyers and sellers must engage in a more lengthy process of haggling in order to gain the same information. Markets are efficient when the price of a good or service attracts exactly as much demand as the market can currently supply. The chief function of a market, then, is to adjust prices to accommodate fluctuations in supply and demand in order to achieve allocative efficiency. An economic system in which goods and services are exchanged by market functions is called a market economy. An alternative economic system in which non-market forces (often government mandates) determine prices are called planned economies or command economies. The attempt to combine socialist ideals with the incentive system of a market is known as market socialism.

Types of markets

In supermarkets in industrialized countries, such as this one in Netherlands, the seller periodically changes prices for classes of goods in response to market conditions, rather than negotiating the price of each good with each buyer.
Enlarge
In supermarkets in industrialized countries, such as this one in Netherlands, the seller periodically changes prices for classes of goods in response to market conditions, rather than negotiating the price of each good with each buyer.

Although many markets exist in the traditional sense--such as a flea market--there are various other types of markets and various organizational structures to assist their functions.

A market can be organized as an auction, as a shopping center, as a complex institution such as a stock market, and as an informal discussion between two individuals.

In economics, a market that runs under laissez-faire policies is a free market. It is "free" in the sense that the government makes no attempt to intervene through taxes, subsidies, minimum wages, price ceilings, etc. Market prices may be distorted by a seller or sellers with monopoly power, or a buyer with monopsony power. Such price distortions can have an adverse effect on market participant's welfare and reduce the efficiency of market outcomes. Also, the level of organization or negotiation power of buyers, markedly affects the functioning of the market. Markets where price negotiations do not arrive at efficient outcomes for both sides are said to experience market failure.

Most markets are regulated by state wide laws and regulations. While barter markets exist, most markets use currency or some other form of money.

Markets of varying types can spontaneously arise whenever a party has interest in a good or service that some other party can provide. Hence there can be a market for cigarettes in correctional facilities, another for chewing gum in a playground, and yet another for contracts for the future delivery of a commodity. There can be black markets, where a good is exchanged illegally and virtual markets, such as eBay, in which buyers and sellers do not physically interact. There can also be markets for goods under a command economy despite pressure to repress them.

See also

The trading floor of the New York Stock Exchange
Enlarge
The trading floor of the New York Stock Exchange

References


Sources

  • Microeconomics by Robert S. Pindyck, Daniel L. Rubinfeld

External links


 
Translations: Translations for: Market

Dansk (Danish)
n. - marked, markedsdag, efterspørgsel
v. tr. - sælge, forhandle, udbyde til salg
v. intr. - handle på marked

idioms:

  • be in the market for    ønske at købe, være ude efter
  • market economy    markedsøkonomi
  • market forces    markedskræfterne
  • market maker    person, der køber og sælger værdipapirer
  • market research    markedsundersøgelse
  • market share    markedsandel
  • market value    markedsværdi
  • on the market    på markedet
  • put on the market    sende på markedet, udbyde til salg
  • the Common Market    Fællesmarkedet

Nederlands (Dutch)
markt, marktprijs, economie, afzetmarkt, inkoop en verkoop, op de markt staan/zijn, kopen/verkopen (m.n. op markt)

Français (French)
n. - (Écon) marché, (Comm) marché, demande, marché, halle (aux poissons), (Fin) Bourse
v. tr. - commercialiser, vendre, lancer ou mettre (qch) sur le marché
v. intr. - (US) faire des courses

idioms:

  • be in the market for    chercher à acquérir
  • market economy    économie de marché
  • market forces    forces du marché
  • market maker    (Fin) opérateur (en Bourse)
  • market research    étude de marché
  • market share    part de marché
  • market value    valeur marchande
  • on the market    sur le marché
  • put on the market    mettre sur le marché, lancer sur le marché
  • the Common Market    le marché commun

Deutsch (German)
n. - Markt, Nachfrage, (Markt)preis
v. - verkaufen, vermarkten

idioms:

  • be in the market for    an etwas interessiert sein
  • market economy    Marktwirtschaft
  • market forces    Marktkräfte
  • market maker    die Preise bestimmender Wertpapierhändler
  • market research    Marktforschung
  • market share    Marktanteil
  • market value    Marktwert
  • on the market    zum Verkauf stehend
  • put on the market    auf den Markt bringen
  • the Common Market    Gemeinsamer Markt

Ελληνική (Greek)
n. - αγορά, παζάρι, ζήτηση
v. - (οικον.) πουλώ, προβάλλω, προσφέρω για πώληση

idioms:

  • be in the market for    ζητώ να αγοράσω
  • market economy    οικονομία της ελεύθερης αγοράς
  • market forces    δυνάμεις της αγοράς
  • market maker    διαμορφωτής αγοράς
  • market research    (οικον.) έρευνα αγοράς
  • market share    μερίδιο της αγοράς
  • market value    αγοραία αξία
  • on the market    για πούλημα
  • play the market    παίζω στο χρηματιστήριο
  • put on the market    βγάζω κάτι για πούλημα, στην αγορά
  • the Common Market    η Κοινή Αγορά

Italiano (Italian)
mercato

idioms:

  • a buyer's market    mercato di domanda
  • a seller's market    mercato di offerta
  • be in the market for    essere sul mercato per
  • market economy    economia di mercato
  • market forces    forze di mercato
  • market maker    operatore principale
  • market research    ricerca di mercato
  • market share    fetta di mercato
  • market value    valore corrente
  • on the market    sul mercato
  • onto the market    nel mercato
  • put on the market    mettere in vendita

Português (Portuguese)
n. - mercado (m), praça (f)
v. - vender, negociar no mercado de ações

idioms:

  • a buyer's market    período bom para compra
  • a seller's market    período bom para venda
  • be in the market for    estar a procura para comprar
  • market economy    economia de mercado (f)
  • market forces    mercado livre
  • market maker    investidor (m)
  • market research    pesquisa de mercado (f)
  • market share    ações (f)
  • market value    valor de mercado (m)
  • on the market    à venda
  • put on the market    lançar no mercado
  • the Common Market    Mercado Comum Europeu

Русский (Russian)
рынок, сбыт, торговля, рыночная цена, продовольственный магазин, привезти на рынок, купить или продать на рынке, сбывать, ходить за покупками

idioms:

  • a buyer's market    конъюнктура рынка, выгодная для покупателей
  • a seller's market    конъюнктура рынка, выгодная для продавцов
  • be in the market for    намереваться купить что-либо
  • market economy    рыночная экономика
  • market forces    рыночные силы
  • market maker    крупный биржевой маклер
  • market research    исследование рынка
  • market share    процент продаж определенного продукта, достигнутый компанией
  • market value    рыночная стоимость
  • on the market    на рынке
  • put on the market    пустить в продажу
  • the Common Market    Общий Рынок

Español (Spanish)
n. - mercado, bolsa
v. tr. - negociar, comprar, vender, llevar a la bolsa
v. intr. - hacer la compra, comerciar

idioms:

  • be in the market for    estar dispuesto a comprar, ser comprador de, andar a la caza de
  • market economy    economía de mercado
  • market forces    tendencias o fuerzas del mercado
  • market maker    creador de mercado
  • market research    análisis de mercados
  • market share    participación en el mercado
  • market value    valor comercial
  • on the market    en venta, en el mercado
  • put on the market    sacar al mercado, poner en venta
  • the Common Market    el Mercado Común Europeo

Svenska (Swedish)
n. - salutorg, torgdag, marknad
v. - vara på torget, torgföra, avsätta

中文(简体) (Chinese (Simplified))
市场, 市集, 股票市场, 在市场上交易, 销售, 使上市, 在市场上买卖

idioms:

  • be in the market for    在市场上想买某物
  • market economy    市场经济
  • market forces    市场力量
  • market maker    股票经纪人, 证券交易公司, 市场开拓者
  • market research    市场调查
  • market share    市场占有率
  • market value    市场价值, 市价
  • on the market    在市场上
  • put on the market    在市场上出售
  • the Common Market    欧洲共同市场

中文(繁體) (Chinese (Traditional))
n. - 市場, 市集, 股票市場
v. tr. - 在市場上交易, 銷售, 使上市
v. intr. - 在市場上買賣

idioms:

  • be in the market for    在市場上想買某物
  • market economy    市場經濟
  • market forces    市場力量
  • market maker    股票經紀人, 證券交易公司, 市場開拓者
  • market research    市場調查
  • market share    市場占有率
  • market value    市場價值, 市價
  • on the market    在市場上
  • put on the market    在市場上出售
  • the Common Market    歐洲共同市場

한국어 (Korean)
n. - 시장, 매매, 상권
v. tr. - 시장에 가져다 놓다, 팔다
v. intr. - 시장에서 매매하다, 물건을 사다

idioms:

  • be in the market for    물건이 시장에 나와있다
  • put on the market    팔려고 시장에 내놓다
  • the Common Market    유럽의 공동시장

日本語 (Japanese)
n. - 市, 市場, 公設市場設置権, 売買, はけ口, 需要, 食料品店, 市況, 市価, 相場
v. - 市場で商う, 買物をする, 市場で売る, 市場に出す

idioms:

  • a buyer's market    買手市場
  • a seller's market    売り手市場
  • be in the market for    買いたいと望んでいる
  • buyer's market    買手市場, 買い手市場
  • market economy    市場経済
  • market forces    市場勢力
  • market garden    市場向け野菜栽培園
  • market maker    市場開拓者
  • market research    市場調査
  • market share    市場占有率
  • market value    市場価格, 市価
  • on the market    市場に出ている
  • put on the market    市場に出す, 売りに出す
  • seller's market    売手市場, 売り手市場

العربيه (Arabic)
‏(الاسم) سوق, تجارة (فعل) يسوق, يتاجر‏

עברית (Hebrew)
n. - ‮שוק, בורסה, מסחר, דרישה, ביקוש, שיווק‬
v. tr. - ‮מכר, קנה‬
v. intr. - ‮שיווק‬


 
Best of the Web: market

Some good "market" pages on the web:


American Sign Language
commtechlab.msu.edu
 
 
 

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Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Marketing Dictionary. Dictionary of Marketing Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Thesaurus. Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary Copyright © 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.  Read more
Answers Corporation Antonyms. © 1999-2008 by Answers Corporation. All rights reserved.  Read more
Geography Dictionary. A Dictionary of Geography. Copyright © Susan Mayhew 1992, 1997, 2004. All rights reserved.  Read more
Political Dictionary. The Concise Oxford Dictionary of Politics. Copyright © 1996, 2003 by Oxford University Press. All rights reserved.  Read more
Britannica Concise Encyclopedia. Britannica Concise Encyclopedia. © 2006 Encyclopædia Britannica, Inc. All rights reserved.  Read more
Architecture and Landscaping. A Dictionary of Architecture and Landscape Architecture. Copyright © 1999, 2006 by Oxford University Press. All rights reserved.  Read more
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