A Market Is A Public Place Where Buyers and Sellers Make Transactions Each Other To Trade Goods or Services

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 2

MARKET

WHAT IS MARKET?
A market is a public place where buyers and sellers make transactions each other
to trade goods or services.




TYPES OF MARKET:
Perfect Competition:
Many Sellers
Perfect information,
Homogeneous products
No barriers to entry

Monopolistic Competition:
Many Sellers
lots of differentiation of products
Relative ease of entry

Oligopoly:
Few Sellers or companies
Many restrictions of market
Type of product differentiated

Monopoly:
One Sellers
Type of product unique
Many restrictions of market
On close substitutes

Un Mercado es un lugar pblico donde los compradores y vendedores hacen transacciones
entre s para el comercio de bienes o servicios.

You might also like