Market
Market is one of a variety of systems,
institutions, procedures, social relationsand infrastructures in which
businesses sell goods, services and labor for the peoplein exchange for money.
Goods and services sold to use as legal tender fiat money.This activity is part
of the economy. It is an arrangement that allows buyers andsellers to exchange
items. Competition is very important in
the market, and separate from the trading market. Two people may do the
trade, but it takes at leastthree people to have a market, so there is
competition on at least one of the twosides. Markets vary in size, range,
geographic scale, location, type and variety of the human community, as well as
the type of goods and services traded. Some examples include local farmers
market held in the town square or parking lots,shopping centers and shopping
malls, international currency and commodity markets, the law creating such a
market for pollution permits, and illegal marketslike the market for illicit
drugs.
In mainstream economics, the concept of
the market is any structure that allows buyers and sellers to exchange any type
of goods, services and
information.Exchange of goods or services for money is a transaction.
Market participantsconsist of all buyers and sellers are both affecting its
price. This influence is a majorstudy of economics and has spawned several
theories and models of basic market forces of supply and demand. There are two
roles in the market, buyers and sellers.Markets facilitate trade and allow the
distribution and allocation of resources in the community. Markets allow all
items to be evaluated and traded prices. An emergingmarket is more or less
spontaneous or deliberately constructed by human interaction to allow the
exchange of rights (ownership) services and goods.
Sumber :
https://dianapitasari.wordpress.com/2014/11/22/artikel-bahasa-inggris-tentang-ekonomi-dan-terjemahnya/
