market
The interaction between supply and demand to determine the market price and corresponding quantity bought and sold. The determination of economic allocations by decentralized, voluntary interactions among those who wish to buy and sell, responding to freely determined market prices.

Browse by Subjects

Related Terms

floating exchange rate
grey market
negotiated market
Choice Market
market opening
See All Related Terms »

Popular Terms In Economy

whole life cost
United Nations
contribute
accelerated cost recovery system
round turn