Market (economics)/Definition: Difference between revisions

From Citizendium
Jump to navigation Jump to search
imported>Roger A. Lohmann
(add def.)
 
imported>Nick Gardner
No edit summary
Line 1: Line 1:
A number of buyers and sellers of a product or bundle of products usually subject to the price mechanism.
In economics, the conjunction of potential  buyers and potential sellers of a product, in any context in which exchanges can be arranged, using money or by barter.

Revision as of 01:55, 25 April 2008

In economics, the conjunction of potential buyers and potential sellers of a product, in any context in which exchanges can be arranged, using money or by barter.