mar·ket n
1: the rate or price at which a security or commodity is currently selling: market price
2 a: a geographical area of demand for commodities or services
seeking new foreign market s
b: a formal organized system enabling the transaction of business between buyers and sellers of commodities
a futures market see also stock market
c: a specified category of potential buyers
the youth market
3 a: the course of commercial activity by which the exchange of commodities is accomplished
the market is quiet
b: an opportunity for selling
developing new market s
c: the available supply of or potential demand for specified goods or services
the labor market
the market for durable goods
d: the area of economic activity in which buyers and sellers come together and the forces of supply and demand affect prices
studying market forces and behavior
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.