Hi,
A market is one of many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labor) in exchange for money from buyers. It can be said that a market is the process by which the prices of goods and services are established.
To know more details, please refer to the links:
http://en.wikipedia. org/wiki/Market
http://goo. gl/EZnFE
Answered by
Nitvendra si
at
4:22 PM on June 26, 2012