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What is the market position of car insurance in South Africa?
A Market can be referred to as a place where free trading of goods is done by people and businesses. It is a setting in which people participate to purchase and sell products and services for an exchange of price. A market can be both a physical market where the buyer and seller meet face-to-face or an online market where the buyer and seller interact remotely.
For a place to be called a market. the occurrence of an economical transaction is necessary. If there is not transaction of money is involved, the place cannot be called a market. The physical markets include establishments like brick and mortar retail stores and the online markets include digital establishments like websites and applications.
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