Religion Past and Present

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Market/Markets
(721 words)

[German Version]

When buyers (consumers) and sellers (providers) of goods and services meet, the result is a market. In most cases, the meeting is not physical but virtual. Advances in communication technology have facilitated the development of such markets.

Every participant in a market pursues his own specific interests. The seller wants to sell at the highest possible price and has an idea of a minimum price. The buyer wishes to buy at the lowest possible price and has an idea of a maximum price. The interaction of buyer and sel…

Cite this page
Sautter, Hermann, “Market/Markets”, in: Religion Past and Present. Consulted online on 03 December 2020 <http://dx.doi.org/10.1163/1877-5888_rpp_SIM_13627>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013



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