Question

What is market exchange? out line the major feature?

Answer 1

An market exchange (also called simply exchange or bourse) is a highly organised market where brokers and traders buy and sell securities such as shares, commodities, currencies, futures and options. Market exchanges can be facilitated with a clearing house to cover defaults, or over-the-counter (OTC).

One of the most important characteristics of a market economy, also called a free enterprise economy, is the role of a limited government. Most economic decisions are made by buyers and sellers, not the government. A competitive market economy promotes the efficient use of its resources.