Concept information
Preferred term
global market
Definition
- A market is an institution that allows participants to exchange goods and services, in the process setting standard prices of exchange. Historically, market-places were situated in a physical location limiting involvement to participants who could physically be in that location at a given time. [Source: Encyclopedia of Governance; Global Market]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/global_market
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