Traditional market

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The market is one of many systems, institutions, procedures, social relations and infrastructure where businesses sell goods, services, and labor for people in return for money. Goods and services sold using legitimate means of payment such as fiat money. This activity is a part of economic. This is a setting that allows buyers and sellers to exchange items. Competition is very important in the market, and separates the market from trading. Two people may trade, but it takes at least three people to have a market, so there is competition on at least one of two parties. Markets vary in size, range, geographic scale, species location and various human communities, as well as the type of goods and services traded.


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