A market can be defined as follows:
- An area or place where buyers and sellers meet to transact, that is, to exchange goods and services. Examples of market in East Africa are the Kariakoo market in Dar es Salaam Tanzania, and Gikombaa market in Nairobi Kenya.
- A situation or condition in which buyers and sellers transact or exchange goods and services. For example, trade through e-commerce where by people can exchange goods through the Internet.
- A market can mean demand for a commodity. For example, an increase or decrease in the demand for a commodity can mean the fall or rise in the market of that commodity