The phrase "business" may have many different connotations, but it is most commonly used to refer to

both the primary and secondary markets. In reality, the terms "primary market" and "secondary market"
are interchangeable; the primary market is where securities are made, while the secondary market is
where they are exchanged by investors. Understanding how stocks, shares, and other securities trade
requires knowledge of both the primary and secondary markets. Without them, navigating the capital
markets will be much more difficult and less efficient. In Primary Market Securities are produced on the
primary market. Firms sell (float) new stocks and bonds to the public for the first time in this industry. A
primary market is exemplified by an initial public offering, or IPO. Investors may purchase securities
from the bank that did the initial underwriting for a specific stock via these trades.The important thing
to understand about the primary market is that securities are purchased directly from an issuer.The
secondary market is widely referred to as the "money market" when it comes to purchasing equities.
The New York Stock Exchange (NYSE), Nasdaq, and all other big stock exchanges around the world are
included. The secondary market is distinguished by the fact that investors trade among themselves.That
is, in the secondary market, investors trade previously issued securities without the issuing companies'
involvementThe secondary market can be further broken down into two specialized categories. The
primary markets are supported by the secondary markets, which provide liquidity to the initial investors
in a security. This liquidity enables issuers to draw more interest in the primary markets for their security
offerings, resulting in higher initial selling rates and hence a lower cost of capital.

The money market and the stock market are two large components of the global financial system, not
separate entities. The money market is where short-term debt is traded. It is a continuous flow of
money between governments, companies, banks, and financial institutions, with borrowing and lending
for as little as a few days.Individuals, banks, other businesses, and governments may use the money
market to store cash for a limited period of time, typically one year or less. It exists so that companies
and governments in need of cash can get it easily and at a fair cost, and so that businesses with excess
cash can put it to good use.The capital market encompasses the trade in both stocks and bonds. These
are long-term assets bought by financial institutions, professional brokers, and individual
investors.Stocks and bonds are exchanged on the capital market. Its movements are continuously
tracked and examined for clues about the health of the economy as a whole, the state of each industry
within it, and the short-term consensus. The primary aim of companies and organizations that
participate in the capital markets is to raise funds for long-term goals. The types of mony market
securities are Treasury Bills (T-Bills) Issued by the Central Government, Treasury Bills are known to be
one of the safest money market instruments availabl, Certificate of Deposits (CDs, Commercial Papers
(CPs, Repurchase Agreements (Repo, Banker's Acceptance (BA). The most common capital market
securities include stocks, bonds, and real estate investment trusts (REITs). Money markets are the
markets for financial products with maturities of less than one year.