Buyers and sellers: The existence of the market is based on the existence of buyers and sellers. The buyer is the demander and the seller is the supplier. Only when buyers and sellers exist can goods and services be exchanged.
Goods and services: Exchange in the market includes goods and services. Commodities are tangible items, such as electronic products, clothes, food and so on. Service is an intangible behavior or activity that can meet people's needs, such as insurance, consultation and medical treatment.
Price: Price is the exchange value of goods and services in the market, and it is the basis for buyers and sellers to reach a transaction. The price depends on the relationship between supply and demand, market competition and other factors.
Market information: Market information is one of the basic elements of the market, which refers to information about goods and services, including price, quality, characteristics, supply and demand, etc. Market information has an important influence on the decision-making of buyers and sellers.
Market competition: Market competition is an important feature of the market. Competition can promote the innovation and quality of goods and services, and at the same time make the market price more reasonable and fair.
Market rules and systems: Market rules and systems are an important part of the market, including trading system, regulatory rules, property rights protection and contract law. These rules and systems have played an important role in ensuring the normal operation of the market and maintaining market order.
In short, the basic elements of the market include buyers and sellers, goods and services, prices, market information, market competition and market rules and systems. The interaction of these basic elements constitutes the foundation of market economy and the key to the successful development of market economy.