A market is a mechanism which allows people to trade, normally governed by the theory of supply and demand. Both general and specialised markets, where only one commodity is traded, exist. Markets work by placing many interested sellers in one place, thus making them easier to find for prospective buyers. An economy which relies primarily on interactions between buyers and sellers to allocate resources is known as a market economy in contrast either to a command economy or to a non-market economy that is based, e.g., on gifts.
The traditional market is a citysquare where traders set up stalls and buyers browse the merchandise. This kind of market is very old, and countless such markets are still in operation around the whole world. In the USA such markets fell out of favor, but renewed interest in local food has cause the reinvention of this type of market, called farmers' markets, in many towns and cities. An example of a large market is Chatuchak weekend market in Bangkok. The Roman term for market, still in use in a related sense, is forum. The modern shopping mall can be seen as an extention of this concept.
In modern times, mainly after the invention of the electronic computer, markets are not always located in a physical space. Such virtual markets consist of communication paths where information exchange is easy and deals may be struck. A notable example of this is the international currency market.
The nightmarket at Patpong started something like 15 years ago and has been a major draw to the area since, and has in fact been responsible for the diversification of visitors to the Pattaya area.
Even if you're not in the market to buy something, the Patpong nightmarket is fun to stroll around and browse before entering one of the bars for a nice, cold drink.
Patpong's nightmarket is one of the few areas where you need to be aware of what is happening around you.
The Shilin NightMarket, is a nightmarket in the Shilin District of Taipei City, Republic of China (Taiwan).
The nightmarket is located near the former location of a wharf on the Keelung River, agricultural produce from farms in Shihlin being shipped to other ports such as Banka and Dadaocheng would typically be sold in this area.
Shilin NightMarket has since become the largest and most well known nightmarket in Taiwan, especially with regards to food, and is a favorite focal point for Taipei's night life among residents and visitors alike.
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