RAJ KRISHNA AND KIRTI KRISHNA
CHANAKYA NATIONAL LAW UNIVERSITY, PATNA & HINDU COLLEGE, DELHI
[GUEST POST #2]
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I. INTRODUCTION
Market refers to the entire area over which the buyers and sellers of a commodity come in contact with each other in order to buy and sell it respectively. The contact may not necessarily connote their physical presence but just a strong network through which they are able to carry the exchange efficiently. One of the most vital conditions for a market to exist is some degree of competition among buyers and sellers. It is because of this rivalry that a market is able to survive.