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market exchange

Definition of Market Exchange

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

Example of Market Exchange

  • Farmers take their crops to a local market and sells them to the public.

Market Exchange Pronunciation

Usage Note

  • Plural: market exchanges

Additional Information

Related Terms


Cite the Definition of Market Exchange

ASA – American Sociological Association (5th edition)

Bell, Kenton, ed. 2014. “market exchange.” In Open Education Sociology Dictionary. Retrieved August 20, 2019 (https://sociologydictionary.org/market-exchange/).

APA – American Psychological Association (6th edition)

market exchange. (2014). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from https://sociologydictionary.org/market-exchange/

Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)

Bell, Kenton, ed. 2014. “market exchange.” In Open Education Sociology Dictionary. Accessed August 20, 2019. https://sociologydictionary.org/market-exchange/.

MLA – Modern Language Association (7th edition)

“market exchange.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2014. Web. 20 Aug. 2019. <https://sociologydictionary.org/market-exchange/>.