MARKET SYSTEM
\mˈɑːkɪt sˈɪstəm], \mˈɑːkɪt sˈɪstəm], \m_ˈɑː_k_ɪ_t s_ˈɪ_s_t_ə_m]\
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Permitted interaction between buyers and sellers as this social network. Rules, regulations, and involved entities' reputations and credentials are included. Market players bid and ask within the market system. Several types of market systems currently exist: Auctions, rationing, black market, free market, real estate market, stock market, and the like.
By Henry Campbell Black
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SQ10,643
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