Wednesday, June 30, 2010

Market in Guadalajara

A market is any one of a variety of dissimilar systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy. It is an arrangement that allows buyers and sellers to exchange things.

In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services for money is a transaction. Market participants consist of all the buyers and sellers of a good who influence its price.

The market facilitates trade and enables the distribution and allocation of resources in a society. Markets allow any trade item to be evaluated and priced.

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