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What is Market?

A market is defined as the sum total of all the buyers and sellers in the area or region under consideration.The value, cost and price of items traded are as per forces of supply and demand in a market. The market may be a physical entity, or may be virtual. Please consider following points for better understanding about Market: 1.The set of offers and searches for a product or service in a particular sector. It’s the place where offer and demand get together. 2.A regular gathering of people for the purchase and sale of provisions, as well as other commodities.…