Market value is the estimated price at which an asset, such as real estate, stocks, or a business, would sell in a competitive, open market under normal conditions. It represents what buyers are willing to pay and sellers are willing to accept, considering supply and demand dynamics. Market value is determined through various methods, including the comparable sales approach (analyzing recent sales of similar assets), the income approach (evaluating potential earnings), and the cost approach (assessing replacement or reproduction costs). Factors like economic conditions, industry trends, asset condition, location, interest rates, and investor sentiment influence market value. In stock markets, it is reflected in market capitalization (stock price × outstanding shares). In real estate, appraisers use recent sales data and property conditions. Ultimately, market value fluctuates based on perception, financial performance, and external influences like government regulations or global events, making it a dynamic figure rather than a fixed price.