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MARKET
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Meaning of Market
A market refers to a place where goods and services are bought and sold. It is a place where buyers and sellers come together to trade. Examples of Market are Dugbe Market in Ibadan, Kaduna Central Market, Balogun Market in Lagos, Onitsha main Market, ogbete market in Enugu, Ariaria market in Aba .
Features of a market
Types of Market
There are basically three types of Market, namely:
a Commodity Market
This is the market for buying and selling of raw materials, semi-finished and finished good. A good example of commodity market is a market for Foodstuff, provisions, gift items, clothes, household equipment, etc.
Types of Commodity markets include
Open Air Market, Shops, and Stalls
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