A market, or marketplace, is a physical or virtual space where buyers and sellers come together to exchange goods and services. This can include local farmers' markets, shopping malls, or online platforms like Amazon and eBay. Markets facilitate trade by providing a venue for transactions, allowing consumers to find products and sellers to reach potential customers.
Markets can be categorized into various types, such as retail markets, where products are sold directly to consumers, and wholesale markets, where goods are sold in bulk to retailers. They play a crucial role in the economy by determining prices and enabling competition among businesses.