markets

• what is the definition of markets?

  A meeting place between customers and suppliers where goods and services are exchanged; usually for money.
• definition of competition ?

  When rivalry exists between business in the same industry. There are a larger number of different firms trying to sell a similar product to the same target market.
• definition of competitive markets ?

  When there are a large number of buyers and sellers where no single buyer or seller can affect the price of goods being sold.