In Latin, and more exactly in the term mercatus, is where we find the etymological origin of the word market that now occupies us. An east term that is used with great frequency in the current society to refer to all that public site in which, on the established days, we proceed to buy or sell various products.
An example of what we have underlined would be the following: “Marta today plans to hold a dinner at her home with many guests, so she has come to the market to acquire the best fish and the most exquisite meats and surprise those”.
When investigating the definition of market and evaluate the function that this word has in everyday language, it is possible to conclude that this concept describes the field, whether physical or virtual, in which the necessary conditions are generated for exchange goods and / or services . It can also be understood as the organization or entity that allows bidders (sellers ) and the plaintiffs (shoppers ) to establish a commercial link in order to carry out operations of various kinds, agreements or exchanges.
It should be noted that the market makes its appearance as a result of the union of sets composed of sellers and buyers, which allows for a joint supply and demand based system .
The first markets that appeared in the history of mankind had the barter as a base method. With the massification of money , other trade codes began to develop. In turn, the increase in production generated the appearance of intermediaries between producers and final consumers.
The economy , as noted when delving into the scope and characteristics of the market, contemplates the existence of various kinds of markets: there are some that are carried out retail or retailers ; others that are wholesale or wholesalers ; some that are called raw materials and there are even others that are known as stock markets (the stock exchanges ), for example.
Markets all of them that would come to be based on another of the most used meanings of the word we are addressing. Specifically, we are referring to that definition that identifies the market with the group of commercial activities and operations that are carried out in one or more economic sectors.
In this sense, we could present several examples like this that we express below: "The agricultural market is currently experiencing a very complicated situation since its various products have been irremediably affected by the prevailing drought."
The ideal market of perfect competition is achieved when neither buyers nor sellers have the capacity to interfere with the final price of the good or service exchanged. This system is affected at the time of the appearance of monopolies or oligopolies They set prices of their own free will.
Therefore, in order to impose a market with perfect competition requirements such as the presence of a considerable number of sellers and consumers must be met (where the shares of each of the parties will have little influence on the global market), the homogeneity of the product (all goods offered are equal), the existence of transparency (Those involved are aware of the general conditions that govern the market) and free access to information.
Finally we have to refer to a very common expression that uses the word that occupies us as an integral part. It is a black market, which comes to define illegal or hidden traffic that is produced from goods that are not allowed or that are not abundant and that can be acquired at prices that are totally different from those that exist at that moment in the legal market.