How market relations have changed in the 21st century

Over its millennial history, markets have established themselves as a gathering center and intersection of all public interests that meet in the market arena to satisfy the demand and supply of assets. Market relations encompass the entire set of interactions between consumers, producers and intermediaries. In their essence, it is the market relations that form the basis of the economic systems through which the distribution of resources is realized from antiquity to the present day. The essence of market relations is the supply-demand relationship, through which the searching consumers declare their willingness and ability to buy, and the offering producers and traders their readiness to offer the relevant assets. In its essence, this is a classical interaction that retains its essence over the centuries, modifying and developing the specific techniques and models for its practical implementation. The purpose of the presented material is to focus attention on the new moments in the process of realizing market relations in the 21st century through analytical comparison.

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Publication Details

Published
2025-02-28
DOI
https://doi.org/10.53656/igc-2024.35
Primary Topic
Regional Development and Management Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

How market relations have changed in the 21st century

Vanya Hadzhieva
Regional Development and Management Studies
article

How market relations have changed in the 21st century

Vanya Hadzhieva
article en

Abstract

Over its millennial history, markets have established themselves as a gathering center and intersection of all public interests that meet in the market arena to satisfy the demand and supply of assets. Market relations encompass the entire set of interactions between consumers, producers and intermediaries. In their essence, it is the market relations that form the basis of the economic systems through which the distribution of resources is realized from antiquity to the present day. The essence of market relations is the supply-demand relationship, through which the searching consumers declare their willingness and ability to buy, and the offering producers and traders their readiness to offer the relevant assets. In its essence, this is a classical interaction that retains its essence over the centuries, modifying and developing the specific techniques and models for its practical implementation. The purpose of the presented material is to focus attention on the new moments in the process of realizing market relations in the 21st century through analytical comparison.

Openalex Percentile: Top 92%
Regional Development and Management Studies
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