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Legal Definitions - mart

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Definition of mart

Definition: 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.

Examples:

  • The farmers' market is a mart where people can buy fresh produce directly from local farmers.
  • The foreign market for microchips refers to the group of people or companies who are interested in buying microchips, regardless of their location.
  • The stock market is a mart where people can buy and sell stocks and other securities.

These examples illustrate how a mart can refer to a physical place, a group of people, or a market for a specific product or service.

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Simple Definition

A mart is a place where people buy and sell things, like a farmers' market or a store. It can also mean a group of people who want to buy something, like people who want to buy microchips. Sometimes, there are special markets for things like stocks or commodities. When lots of people want to buy something, it's called a strong market or a buyer's market. When not many people want to buy something, it's called a bear market or a seller's market.
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