Legal Definitions - market

A market is a place where goods or services are bought and sold. It can also refer to a group of people who are interested in buying a particular product or service. For example, the market for smartphones includes people who want to buy a new phone.

Examples:

• A farmers' market where people can buy fresh produce directly from farmers.
• The foreign market for microchips, which refers to the demand for microchips in other countries.
• The stock market, where people buy and sell stocks.

These examples illustrate how a market can refer to a physical place or a group of people interested in a particular product or service. In each case, there is a demand for something and people are willing to pay for it.