“Originally”. says a market was a public place in a town where provisions and other objects were expunged for sale; but the word has been generalised so as to mean all.’ bloody persons wlu) an’ in intimate relaxations carry Oil all.” mollification A great city may contain as many markets as there are important branches of ADC, and these Marxists mayor may not localized But the Lillian The traders may he spread over a whole town, or region. or a country and yet from a market, if hey are. by means of fairs. meetings, published price lists, the post-office or otherwise, in dose communication with each other.”‘ In the words of Cotonou, a French economist. “Existentialist, the market not an market piatT in “hit”hid, Thus. the essentials of a market are a commodity which is dealt with: (It) the existence of buyers and sellers; leI a place, be it a certain region, a country or the entire world ; and (II) such intercourse between buyers and sellers that only one price should prevail for (he same commodity at the same time. Classification 4 Markets Markets may he classified : (0 I on the basis of an’a as loral. and world on the basis of time.
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