Question

Difference between market and relevant market

Answer 1

A market is the overall set of buyers (consumers) and sellers (firms) for a broad market need, such as the banking market, or the education market, or the ready-to-eat food market.

 a relevant market is a market in which a particular product or service is sold. It is the intersection of a relevant product market and a relevant geographic market. 

Answer 2

In competition law, a relevant market is a market in which a particular product or service is sold. ... A relevant geographic market comprises the area in which the firms concerned are involved in the supply of products or services and in which the conditions of competition are sufficiently homogeneous.