What is the meaning of primary market and secondary market?

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Primary market is where new securities are issued and sold for the first time, while secondary market is where existing securities are bought and sold among investors.

Primary market involves the issuance of new securities by companies or governments to raise capital.
Investors purchase securities directly from the issuer in the primary market.
Examples of primary market transactions include initial public offerings (IPOs) and bond issuances.
Secondary market is where existing securities are bought and sold among investors without the involvement of the issuing company.
Stock exchanges like NYSE and NASDAQ are examples of secondary markets where investors trade shares of publicly listed companies.
In the secondary market, the price of securities is determined by supply and demand among investors.

What is the meaning of primary market and secondary market?

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