Market trends refer to the general direction in which a market is moving over time. They can indicate whether prices are rising, falling, or remaining stable. Understanding these trends helps businesses and investors make informed decisions about buying or selling products and stocks. For example, if the trend shows that more people are buying electric cars, companies like Tesla may see increased demand for their vehicles. Identifying market trends often involves analyzing data, such as sales figures and consumer behavior. Trends can be influenced by various factors, including economic conditions, technological advancements, and cultural shifts. By staying aware of these trends, businesses can adapt their strategies to meet changing consumer needs.