N | O | P | Q | R | S | T | U | V | W | X | Y | Z
market
In economics, a market represents a network where the offer (sellers) and demand (buyers) meet to conclude transactions. Influenced by traditional commerce, the term marketplace focuses on the physical location where the offer meets demand, and metals are traded.different notions:
1 – The geographical location where a ##1.27## operates, especially if it includes more than one country: "already operating in international markets, this ##0.3## is expanding towards a new market, such as Australia."
2 – The name of the business category that the ##1.27## is classified in, which is also called the "economic sector of activity" or industry: "this ##0.3##, the local leader in the optical services market has declared an entry into the sunglasses market."
In terms of market classification systems, the International Standard Industrial Classification (ISIC) is the system used in most counties, while the North American Industry Classification System (NAICS) is used in North America.