Market: Definition and Importance | Economics

In this article we will discuss about:- 1. Definition of Market 2. Conditions Governing the Extent of the Market 3. Functions of Markets 4. Importance of Markets. Definition of Market: In ordinary speech, the term 'market' refers to a place where buyers and sellers meet for transactions, e.g., Vardaan Market of Calcutta, Palika Bazar of New Delhi, Crawford Market of [...]