A souq or souk is a free market where vendors can determine the market price for their products. The term is often used to designate the market in any Middle Eastern, Arab or Muslim city, but it can appear in Western cities too. It may also refer to the weekly market in some smaller towns where neutrality from tribal conflicts would be declared to permit the exchange of surplus goods. In Modern Standard Arabic the term refers to markets in both the physical sense and the abstract economic sense (e.g., an Arab would speak of the souq in the old city as well as the souq for oil, and would call the concept of the free market السوق الحرّ as-sūq al-ḥurr).
Posted on: Sat, 10 Aug 2013 13:54:52 +0000
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