- According to Prof. J.C. Edwards, “ A market is that mechanism by which buyers and sellers are brought together and it is not necessary at a fixed place.”
- According to Cournot “The place in which things are bought and sold but the whole of any region in which buyers and sellers are in such frees intercourse with each other that the price of a same good tends to equality easily and quickly.
- According the Prof Chapman “Market is a place which refer not necessarily but always to a commodity and the buyers and the sellers who are direct competition with each other.
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