Pakistan study notes for Matric, Intermediate, B.A, B.COM BSC, M.A, BCS. Free Pakistani Urdu educational school, colleges and University notes.

Definition Of Market

Definition Of Market

A market is a place where goods are bought and sold. It is a place where buyers and sellers meet each other directly or through agents and brokers. It bridges the gap and distance between the buyers and sellers and provides a platform for buyers to buy their desired goods and sellers to locate and find buyers.

The most important fact about the market is its being extremely sensitive to underlying political, economic, social, business, technological, and other forces working not only within the country but also foreign countries around the world.

It may steeply fall or rise on the news even rumors, or any expected or unexpected happenings, such as instability or a change of a government, economic data, annual budgets, change in petroleum product prices, imposition of new taxes or withdrawal of old taxes.

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