Business and Marketing

Posts Tagged ‘Europe’

Market in terms of economic theory is a situation where consumers, producers and traders make transactions after the two sides have taken a deal on the price of some goods with certain qualities that becomes the object of the transaction. They benefit from the transaction or the market. Then there are also the traditional market terms. This market is still using a conventional transaction system. The merchants and consumers can do bidding to obtain the desired goods. It is not found in the modern market where everything, especially price, is already fixed. However, traditional markets slowly start to disappear. Even in some countries in Europe, the traditional market is almost lost.

To that end, traditional markets must be maintained because of the many benefits that can be obtained from the existence of this market. Traditional markets have to be ‘rescued’ because they are full of social and cultural interaction. In fact, many researchers from Europe travel to countries in Asia as an effort to revive the traditional markets in their countries. Traditional markets have complex components. There are a blend of economy and culture in it. In addition to seeking profits by trading, people can meet their needs by shopping there. In addition, in traditional markets there is interaction between sellers and consumers. It also could lead to an atmosphere of friendliness, even giving rise to a communication between them.

For that, considering the many benefits of traditional markets, especially to eliminate the inherent nature of the individualist who started in the community, then the existence of this market should be maintained. The traders in traditional markets also have to actively maintain the market by participating in treating its infrastructure. Do not let the market become not attractive anymore because of the lack of regulation in it.

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