# market (economic)

a place where people exchange goods for money

- Computed level: L17 (depth in the emergence graph, not abstraction)
- Status: review  ·  Domain: everyday  ·  Arena: market

## Emergence
**Emerges from:** [space](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-space.extent), [people](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-people.social), [products](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-products.goods), [money](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-money.economic), [give](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-give.transfer), [exchange](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-exchange.trade)

**Through:** people transfer goods and money between each other in a shared space, creating a system of regular exchange

**Novel properties:**
- reciprocal valuation
- structured trading
- economic interaction

## Examples
- The New York Stock Exchange processed 1.2 billion shares on October 20, 2023, in a regulated trading hall at 11 Wall Street. *(economics)*
- Farmers sell produce weekly at the Modesto Certified Farmers Market under California state vendor licenses. *(everyday life)*
- The Silk Road enabled exchange of Chinese silk for Roman gold across Central Asia from 200 BCE to 1450 CE. *(institutions)*

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*Canonical: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-market.economic*  
*Structured data: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-market.economic.json*  
*Every definition provably resolves to space, time, energy and pattern.*