
The Market
The market refers to the environment where buyers and sellers interact to exchange goods, services, or financial assets. It can be physical, like a local farmers' market, or digital, such as stock exchanges. Prices are determined based on supply and demand—when more people want something, its price tends to rise; when less, the price drops. Markets enable efficient allocation of resources and competition, helping consumers find products at fair prices and businesses to grow. Overall, the market is a fundamental system that facilitates economic activity and freedom of choice.