What is market?

Market involeves buying, selling, transporting, risk taking and securing the market information.

A market is a place where two parties can gather to facilitate the exchange of goods and services. The parties involved in taking a service is referred to as buyer and the provider is known as seller. The market may be physical like a retail outlet, where people meet face-to-face, It could also be virtual outlet  like an online market, where there is no direct physical contact between buyers and sellers. This includes television shopping or online shopping. While products and goods could also be exchanged by the system of barter as prevalent earlier, goods are now generally offered in return of money.