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Shares once subscribed cannot be refunded, it can only be transferred to others. We need stock market for easy transfer of shares from one person to another.
we need stock market for buying & selling shares in order to earn money.
stock market is required to regulate the trading business in order to control violations.
We need Stock market(secondary market) to exchange/transfer shares/ownership to others at best/lowest price.
The basic need of stock market is to buy and sell shares in order to earn money.
To buy and sell or exchange shares.
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