NAMA : ABDUL RIYON LADUWO

STAMBUK :C301 17 237

MATA KULIAH: BAHASA INGGRIS

MARKET

Market is one of a variety of systems , institutions, procedures , social relations and

infrastructures in which businesses sell goods , services and labor for the people in exchange ,
services and labor for the people in exchange for money . Goods and services sold to use as
legal tender fiat money . This activity is part of the economy . it is an arrangement that allows
buyers and sellers to exchange items . Competition is very important in the market , and
separate from the trading market . Two people may do the trade , but it takes at least three
people to have a market , so there is competition on at least one of the two sides.Markets vary
in side , range , geographic scale , location , type and variety of the human community , as well
as the type of goods and services traded. Some examples include local farmers market held in
the town square or parking lots , shopping centers and shopping mals, international currency
and community markets, the law creating such a market for pollution permits and ilegal
markets like the market for illicit drugs.