car market!

car market

Comprehensive Analysis

1) "Car" -- As to car market car Pronunciation: 'kär, dial also 'kor, 'kyär Function: noun Etymology: Middle English carre, from Anglo-French, from Latin carra, plural of carrum, alteration of carrus, of Celtic origin; akin to Old Irish & Middle Welsh carr vehicle; akin to Latin currere to run 1 : a vehicle moving on wheels: as a archaic : CARRIAGE, CHARIOT b : a vehicle designed to move on rails (as of a railroad) c : AUTOMOBILE 2 : the passenger compartment of an elevator 3 : the part of an airship or balloon that carries the passengers and cargo Pronunciation Symbols Karl Benz's "Velo" (vélo means bicycle in French) model (1894) - entered into the first automobile race 2005 MINI Cooper S. An automobile (also motor car or simply car) is a wheeled passenger vehicle that carries its own motor. Most definitions of the term specify that automobiles are designed to run primarily on roads, to have seating for one to seven people, to typically have four wheels, and to be constructed principally for the transport of people rather than goods. However, the term is far from precise. As of 2002, there were 590 million passenger cars worldwide (roughly one car for every eleven people).[1] 1 History 2 Economics and societal impact 3 Fuel and propulsion technologies 3.1 Diesel 3.2 Gasoline 3.3 Electric 3.4 Steam 3.5 Gas Turbine 3.6 Rotary (Wankel) engines 3.7 Future developments 4 Design 5 Safety 6 Further reading 7 See also 8 Notes 9 References and further reading Karl Benz Replica of the Benz Patent Motorwagen built in 1886 Ford Model T, 1927 Some. sources suggest that Ferdinand Verbiest, whilst a member of a Jesuit mission in China, may have built the first steam powered car around 1672.[2][3] François Isaac de Rivaz, a Swiss inventor, designed the first internal combustion engine which was fuelled by a mixture of hydrogen and oxygen and used it to develop the world's first vehicle to run on such an engine. The design..." 2) "Market" -- As to car market 1mar·ket Pronunciation: 'mär-k&t Function: noun Usage: often attributive Etymology: Middle English, probably from Continental GMC; akin to Old Saxon markat marketplace, Old High German marcAt, both ultimately from Latin mercatus trade, marketplace, from mercari to trade, from merc-, merx merchandise 1 a (1) : a meeting together of people for the purpose of trade by private purchase and sale and usually not by auction (2) : the people assembled at such a meeting b (1) : a public place where a market is held; especially : a place where provisions are sold at wholesale <a farmers' market> (2) : a retail establishment usually of a specified kind <a fish market> 2 archaic : the act or an instance of buying and selling 3 : the rate or price offered for a commodity or security 4 a (1) : a geographic area of demand for commodities or services (2) : a specified category of potential buyers <the youth market> b : the course of commercial activity by which the exchange of commodities is effected : extent of demand <the market is dull> c (1) : an opportunity for selling <a good market for used cars> (2) : the available supply of or potential demand for specified goods or services <the labor market> d : the area of economic activity in which buyers and sellers come together and the forces of supply and demand affect prices <producing goods for market rather than for consumption> - in the market : in the position of being a potential buyer <in the market for a house> - on the market : available for purchase; also : up for sale <put their house on the market> Pronunciation Symbols A market is a social arrangement that allows buyers and sellers to discover information and carry out a voluntary exchange of goods or services. It is one of the two key institutions that organize trade, along with the right to own property. Allowing markets to arrive at a pareto efficient outcome is one of the key components of capitalism. In everyday usage, the word "market" may refer to the location where goods are traded, sometimes known as a marketplace, or to a street market. 1 Function 2 Types of markets 3 See also 4 References The function of a market requires, at a minimum, that both parties expect to become better off as a result of the transaction. Markets generally rely on price adjustments to provide information to parties engaging in a transaction, so that each may accurately gauge the subsequent change of their welfare. In less sophisticated markets, such as those involving barter, individual buyers and sellers must engage in a more lengthy process of haggling in order to gain the same information. Markets are efficient when the price of a good or service attracts exactly as much demand as the market can currently supply. The chief function of a market, then, is to adjust prices to accommodate fluctuations in supply and demand in order to achieve allocative efficiency. An economic system in which goods and services are exchanged by market functions is called a market economy. An alternative economic system in which non-market forces (often government mandates) determine prices are called planned economies or command economies. The attempt to combine socialist ideals with the incentive system of a market is known as market socialism. Although many markets exist in the traditional sense--such as a flea market--there are various other types of them and various organizational structures to assist their functions. A market can be organized as an auction, as a shopping center, as a complex institution s..." 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