Market prices refer to the current price at which goods or services can be bought or sold in a marketplace. These prices are determined by the forces of supply and demand, meaning that when more people want to buy a product than there are available, the price tends to rise. Conversely, if there is an oversupply of a product and fewer buyers, the price usually falls. Market prices can fluctuate frequently due to various factors, including changes in consumer preferences, economic conditions, and competition among sellers. They play a crucial role in guiding both consumers and producers in making informed decisions about purchasing and selling goods, impacting the overall economy.