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 in a more abstract sense, such as the labor market (jobs and vacancies), money market (credit) or the market in which a company enters with a particular product or service.
A market can be bounded by product-related characteristics, such as a television manufacturer targets people who might 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 suppliers and competition (market forces), if not then we speak of a monopoly. Often a market can be further segmented into different target groups.
