Study identifies religious bias against refugees

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 ...

Borneo pygmy elephant found dead in Malaysia

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.

Enhanced prediction for asset returns

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.

'Blue finance' hopes to put oceans on a sustainable path

The world's oceans are set to become an increasingly vital resource for helping the planet cope with soaring population growth, but officials are only beginning to craft regulatory frameworks that would ensure "blue financing" ...

Global liquidity shocks impact house prices

New research from Cass Business School has found that global liquidity shocks do impact house prices in both emerging and advanced economies but this can be mitigated by government policy.

City gardens, public produce stands ease 'food desert' woes

On his way home, Darnell Eleby paused before boarding the commuter train in Atlanta's Five Points station and maneuvered his wheelchair to a stop not seen on many mass transit platforms: a fresh food stand stocked with colorful ...

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Market

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]

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