Supply and Demand Market is an economic principle that describes the interaction between buyers and sellerson the open market. It refers to the amount of goods or services people are willing to buy at any given price; there’s a certain balance between what sellers are asking and what buyers are willing to pay. The result of this balance is the equilibriumprice, which considers both the amount of goods available and the demand for them. By understandingsupply and demand markets, businesses can make informed decisions about pricing, production, and marketing strategies in order to maximize their profits.