A small Bolivian society of indigenous forager-farmers, known for astonishingly healthy cardiovascular systems, is seeing a split in beliefs about what makes a good life. Some are holding more to the traditional—more family ...
Social Sciences
Oct 16, 2019
0
28
Tourists are being ripped off at Amsterdam's famous flower market, with just one percent of all bulbs sold at the floating bazaar ever producing a blossom, investigators said Tuesday.
Other
Oct 15, 2019
2
18
Creating meat from cells is no longer the realm of science fiction: a Russian cosmonaut did it aboard the International Space Station, and it is just a matter of time before these products arrive in supermarkets.
Other
Oct 11, 2019
37
2758
Give me your Christian, your female, your English-speaking with a good education? While not the words on the Statue of Liberty, these seem to be the kinds of refugees that the American public prefers—according to a new ...
Social Sciences
Oct 10, 2019
9
16
A new study shows that two key factors can make freshly appointed CEOs more vulnerable and raise the odds they'll get fired.
Economics & Business
Oct 10, 2019
0
10
What's the purpose of a business? For a long time, the textbook answer to that question has been purely "to make as much money as possible for its shareholders." But business leaders—who often themselves get huge payouts ...
Economics & Business
Oct 10, 2019
0
10
The insatiable demand for orchids could be driving wild orchids to extinction in southern China.
Ecology
Oct 02, 2019
0
139
A pygmy elephant has been found dead in a river on the Malaysian part of Borneo island, an official said Friday, the latest of the endangered creatures to perish.
Plants & Animals
Sep 27, 2019
0
7
NUS data scientists have developed an improved version of the Fama–French three-factor model to provide better estimations of the financial returns for business analysis.
Economics & Business
Sep 25, 2019
0
3
Conventional wisdom indicates that market discipline and transparency ensures that financial data of public firms are more reliable for potential investors than financial reports from private companies. Contrary to this widely ...
Economics & Business
Sep 25, 2019
0
4
A market is any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy. It is an arrangement that allows buyers and sellers to exchange things. Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded. Some examples include local farmers’ markets held in town squares or parking lots, shopping centers and shopping malls, international currency and commodity markets, legally created markets such as for pollution permits, and illegal markets such as the market for illicit drugs.
In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services for money is a transaction. Market participants consist of all the buyers and sellers of a good who influence its price. This influence is a major study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand. There are two roles in markets, buyers and sellers. The market facilitates trade and enables the distribution and allocation of resources in a society. Markets allow any tradable item to be evaluated and priced. A market emerges more or less spontaneously or is constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods.
The historical origin of markets is the physical marketplaces which would often develop into small communities, towns and cities.[citation needed]
This text uses material from Wikipedia, licensed under CC BY-SA
