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Service market – the real form of existence for exchange relations

Ioan Cosmescu and Denisa Cosmescu
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Ioan Cosmescu: “Lucian Blaga” University of Sibiu, Romania
Denisa Cosmescu: L.C. Welting Marketing Romania

Annals of the University of Petrosani, Economics, 2004, vol. 4, 51-54

Abstract: In a limited way of approaching the term “market” is defined as a certain geographic place, a physical point where, at certain hours and certain days, buyers and sellers meet in order to buy and sell goods. In a broad and abstract way of approaching the word “market” does not mean anymore a point that can be geographically and physically located, but the universality of relations that take place between the representatives of demand and supply for a certain product.

Keywords: market; service market; market functions (search for similar items in EconPapers)
Date: 2004
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