/ˈmɑːkɪtˈ/ – Noun
Definition: chợ, thị trường, nhu cầu, sức tiêu thụ, mua bán.
A more thorough explanation: In legal terms, a “market” refers to the arena or environment in which commercial activities take place, including the buying and selling of goods and services. It can also refer to a specific industry or sector where goods or services are exchanged between buyers and sellers. The concept of a market is often used in antitrust and competition law to analyze competition and market dynamics.
Example: The company conducted market research to determine consumer preferences before launching its new product.