Market

Meaning:

A market is a place, either physical or digital, where buyers and sellers come  together to exchange goods, services, or financial products. A market doesn’t have to be a  physical store; it can also be an app, a stock exchange, or a global online platform. Prices are  formed when supply meets demand.

Types of Markets:

Goods Market: Includes shops, malls, and wholesale markets where physical products are sold.

Financial Markets: Includes places like the stock market, bond market, and commodity market where financial products are traded.

Digital Markets: E-commerce platforms where goods and services are bought and sold

online.

Forex Market: The market where currencies are exchanged.

Importance in Finance:  

Markets help determine the prices of goods and financial assets.

They allow for trading, investing, competition, and economic growth, creating transparency  and efficiency.

How Markets Evolve:  

With digitalization, markets have moved from physical shops to online platforms and mobile  apps, making trading faster and more accessible.