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Investopedia explains 'Market'
1. Markets do not necessarily need to be a physical meeting place. Internet-based stores and auction sites are all markets in which transactions can take place entirely online and where the two parties do not ever need to physically meet.
2. If a broad market index (such as the S&P 500) fell, people might say that "the market was down," using the S&P 500 as a proxy to represent the overall market's performance.
3. For example, "the widget market" is referring to all the people who will buy widgets.
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