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