<P> In mainstream economics , the concept of a market is any structure that allows buyers and sellers to exchange any type of goods , services and information . The exchange of goods or services , with or without money , is a transaction . Market participants consist of all the buyers and sellers of a good who influence its price , which is a major topic of study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand . A major topic of debate is how much a given market can be considered to be a `` free market '' , that is free from government intervention . Microeconomics traditionally focuses on the study of market structure and the efficiency of market equilibrium ; when the latter ( if it exists ) is not efficient , then economists say that a market failure has occurred . However it is not always clear how the allocation of resources can be improved since there is always the possibility of government failure . </P>
<P> In mainstream economics , the concept of a market is any structure that allows buyers and sellers to exchange any type of goods , services and information . The exchange of goods or services , with or without money , is a transaction . Market participants consist of all the buyers and sellers of a good who influence its price , which is a major topic of study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand . A major topic of debate is how much a given market can be considered to be a `` free market '' , that is free from government intervention . Microeconomics traditionally focuses on the study of market structure and the efficiency of market equilibrium ; when the latter ( if it exists ) is not efficient , then economists say that a market failure has occurred . However it is not always clear how the allocation of resources can be improved since there is always the possibility of government failure . </P>
where are all of the factors of production bought and sold
where are all of the factors of production bought and sold
market
market