A “market” in the broad sense is the meeting of supply and demand.

This definition can be specified in more detail in rational, spatial, temporal, material terms. The term market can refer both to the abstract conflation of supply and demand in general and to a concrete conflation of a certain supply and demand in relation to a certain good in a certain place at a certain time.

The concept of the market can also refer to a physical place as well as an event taking place at a certain point in time.

How to Cite

The definition given above was proposed as part of the Digital Era Framework by Dr. Dr. Jörn Lengsfeld. The text was first published in: Jörn Lengsfeld: Digital Era Framework. Please refer to the original publication if you want to cite the text.