Study: Internet perpetuates job market inequality

Recent research finds the internet is giving both employers and job seekers access to more information, but has not made the hiring process more meritocratic. Instead, lower-wage jobs have become "black holes," with intense ...

Why money cannot 'buy' housework

If a man is handy with the vacuum cleaner, isn't averse to rustling up a lush family meal most nights after he's put on the washing machine having popped into the supermarket on his way home then it's more than likely his ...

Clean energy from local producers

Is it possible to boost sales of locally produced solar energy by allowing households to trade it through a peer-to-peer platform? The year-long Quartierstrom research project in Walenstadt is investigating how energy markets ...

Apple says US tariffs on China would backfire

Apple is warning the US administration that proposed tariffs on Chinese imports would be counterproductive, saying they would hurt the iPhone maker's competitiveness and "tilt the playing field" to non-American rivals.

Skin deep: Japan's 'washi' paper torn by modern life

Once an indispensable part of daily life in Japan, ultra-thin washi paper was used for everything from writing and painting to lampshades, umbrellas, and sliding doors, but demand has plunged as lifestyles have become more ...

Slack primed as latest unicorn to make market debut

The 2019 parade of big new Wall Street entrants continues this week with the debut of Slack Technologies, underscoring investor hunger for new companies in spite of some high-profile stumbles.

Wearable robot 'WalkON Suit' off to Cybathlon 2020

Standing upright and walking alone are very simple but noble motions that separate humans from many other creatures. Wearable and prosthetic technologies have emerged to augment human function in locomotion and manipulation. ...

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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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