Deutsch: Markt / Español: Mercado / Português: Mercado / Français: Marchê / Italiano: Mercato
A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labor) in exchange for money from buyers. It can be said that a market is the process by which the prices of goods and services are established.
In the industrial and industry context, "market" refers to the place where buyers and sellers interact to exchange goods, services, or other commodities. Markets are an essential aspect of the economy, and they play a key role in determining prices, distribution, and production levels of various goods and services.