ELI5: Explain Like I'm 5

Secondary market

A secondary market is like a big yard sale. It's where people go to buy and sell things that have previously been bought and sold. The people buying the things are called buyers, and the people selling the things are called sellers. The items for sale in a secondary market can be anything from clothes to electronics to cars, but usually the items are things that have been used or are no longer needed. It's an important part of the economy because it helps people buy and sell things that they don't need and makes it easy for people to find the best deals possible.