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A hypothetical construct of economic theory representing the place all potential buyers and sellers of all goods and services come together, express their desires and offer their wares, through bargaining establish a price structure and production schedule, and complete their transactions. In standard usage it refers to all locations where economic transactions occur treated as a single whole. 

Source: Schwarz, Charles F.; Thor, Edward C.; Elsner, Gary H. 1976. Wildland planning glossary. Gen. Tech. Rep. PSW-13. Berkeley, Calif.: U.S. Department of Agriculture, Forest Service, Pacific Southwest Forest and Range Experiment Station via NALT

 

Narrower Topics

Carbon markets

An arena for carbon dioxide emissions trading, i.e. the buying and selling of emission allowances (credits or shares) and emission reductions for metric tons of carbon dioxide, or its equivalent in other greenhouse gases emitted into the atmosphere.

Publications


Tapping into Florida’s Craft Beer Market, Part 2: Preferences for Local Ingredients and Sustainability Labels

Meri Hambaryan, Glory Oriviri, Candace Lantz, Nathan Palardy, John Lai, andBachir Kassas

Rising consumer interest in locally sourced, sustainably produced products presents an opportunity for breweries to stand out in an increasingly competitive market, as well as for local growers to supply the ingredients for which consumers are willing to pay extra. This publication, the second in a series that seeks to provide Florida breweries with state-specific, data-driven marketing information to help grow their consumer base, explores Florida consumers’ preferences and the premiums that Florida consumers are willing to pay for beer made with local ingredients and sustainability certification. Authors examine how premiums vary across Florida’s largest metro areas: Miami, Tampa, Orlando, and Jacksonville. This information can inform growers of potential market opportunities and brewers of product differentiation strategies. Includes a list of key insights for breweries, growers, and Extension agents.