Market
A market refers to a usually defined area where there is supply and demand. A market can be a place where buyers and sellers are physically present (a weekly market, annual market or livestock market), but also more in the abstract, such as the labor market (jobs and vacancies), money market (credit) or the market in which a company is engaged with a particular product or service.
A market may be limited by product-related characteristics, such as a television manufacturer targets people who may want to buy a new TV. There may also be a certain geographic scope, for example, a hot bakery will find most of its customers in a relatively limited region.
In a market, in all cases there are multiple providers and competition (market forces), if not we speak of a monopoly. Often a market can be further segmented into different target groups.
