market exchange

(noun) A system in which goods and services are produced, distributed, and exchanged by the forces of price, supply, and demand.

Example: Farmers take their crops to a local market and sell to the public.

Audio Pronunciation: (mar·ket ex·ch·ange)

Download Audio Pronunciation: market exchange.mp3

Usage Notes:

  • Plural: market exchanges

Additional Information:

Related Terms:

Facebooktwittergoogle_plusredditlinkedintumblrFacebooktwittergoogle_plusredditlinkedintumblr