Market share

Market share is kind of like sharing a pizza with your friends. Imagine your friend group is all the companies who sell pizza. Each of them has a certain size slice of the pizza to share. But some companies have bigger slices than others.

Market share means the amount of pizza (or customers) that each company has compared to the other companies. So if one company has a really big slice of the pizza, that means they have a high market share.

This is important because companies with higher market shares usually sell more of their products or services than companies with lower market shares. It's like having more people at your birthday party to share your pizza with, more people mean more slices get eaten from your pizza.

So, companies with higher market shares can have more money and power in their market. They can also know what people want from them, so they can make more of it and be even more successful.