People in this world are the lover of shopping; they can buy anything of their favorite product as per their own choice but exactly footwear, clothes, branded accessories, makeup kits are just included in the shopping, as all these above needs are required at some other level.

In our country the people who consume the daily needs like education, food, Shelter, Clothes to wear, Medical facilities then they feel we got the happiness of the world. But the people who are reached can consume anything. 

We need daily commodities to satisfy our wants like Rice, Wheat, Sugar, Flour, etc. so how and from where we can purchase so it is a simple answer that is Market or the grocery shop so we can observe that their lakhs of shops are in one city and minimum 2 to 3 shops are available in your area so this is called as a market.

Meaning of Market- Market means the buyers and the Sellers have come in direct contact with the motive of the exchange of the commodity through money called market.

Buyers and the seller can come in contact directly or indirectly through different mediums like Teleshopping, Online Shopping, and Physical going shopping, etc.

Teleshopping:- This is the type of shopping where the buyers order they're the product through their telephone by dialing the phone number in which the seller shows the advertisement of their product on the television.

Online Shopping:- this is a type of shopping where the buyers order the product through the internet via the website where the product information is mentioned.

Physical Shopping:- This is a common thing which most people prefer as one has to go physically in the place where you get the seller as face to face and you can buy the things by selecting the proper quality, color, shape, size, etc.

So there is some characteristic of the market:-

1. Good and Services:- the buyer and seller have to come in contact to run the market so if the buyer will purchase the things that they can satisfy their daily needs and if the seller could buy more goods and services they can gain more profit.

2. Price fixation:- the price of the particular commodity should be there or decided but some unilaterally people think that seller decides the price of the product but exactly it is not like that the price is based on the Market demand and Market supply from this rule the price is being decided. So the price is being decided like this and it should be there.

3. Information of the Market Situation: - Both the buyers and sellers has to be information and knowledge of the market demand, price, necessities, inflation, etc.  So both the parties have to have to the idea of the market situation so that they can buy the things at the proper prices and quantity and will not get discriminated.