– A market system is the network of buyers, sellers and other actors that come together to trade in a given product or service.
The participants in a market system include:
1. Direct market players – producers, buyers and consumers who perform economic activity in the market
2. Suppliers of supporting goods and services such as finance, equipment and business consulting.
3. Entities that influence the business environment such as regulatory agencies, infrastructure providers and business associations.
Example: a poultry market system
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