See "Marketplace" article for the traditional meaning of the word.
A market is, as defined in economics, a social arrangement that allows buyers and sellers to discover information and carry out a voluntary exchange. Along with a right to own property, it is one of the two key institutions that organize trade. The existence of markets is one of the key components of capitalism.
Structure
The information function of a market requires, at a minimum, that the buyer and seller are both aware of what is being sold and if a voluntary transaction is possible. Economic models assume that such knowledge is perfect, including in knowledge of alternatives and other factors affecting the proposed sale/purchase.
Kaieteur Institute For Knowledge Management - Meta portal dedicated to openly sharing information gathered about e-knowledge markets. Features research, news and contact information.
Online Knowledge Markets: How Do They Work? - Provides a general introduction to the different types of online knowledge markets and gives an overview of how buyers and sellers can exploit their potential. Features resources and additional reading. By David J. Skyrme.
Meta Description: [ Management Insight on how do they work? ]