ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The secondary market is where investors buy and sell securities they already own. It is what most people typically think of as the “stock market, ” though stocks are also sold on the primary market when they are first issued.

Detailed explanation-2: -The secondary market is where securities are traded after the company has sold its offering on the primary market. It is also referred to as the stock market. The New York Stock Exchange (NYSE), London Stock Exchange, and Nasdaq are secondary markets.

Detailed explanation-3: -A secondary market is a market where existing securities or other assets are bought and sold. They differ from primary markets, which are where the assets originated. Generally, most investors will only trade on secondary markets.

Detailed explanation-4: -In the primary market, companies sell new stocks and bonds to the public for the first time, such as with an initial public offering (IPO). The secondary market is basically the stock market and refers to the New York Stock Exchange, the Nasdaq, and other exchanges worldwide.