market and its types

1. MARKET

2. MARKET
DEFINITION
An occurred or norminal place
where forces of demand and
supply operate, and where
buyers and sellers interact (
directly or through
intermediaries) to trade
goods, service, or contracts or
instruments for money or
barter.

3. TYPE OF MARKET
PERFECT OF TYPES
MONOPOLY
OLIGOPOLY
MONOPOLISTIC

4. PERFECT COMPETITOIN
A perfect market is market that
is structured to have no
anomalies that would otherwise
interfere with the best prices
being obtained . Example of this
perfect market structure are a
large number of buyers . A large
number of sellers. Products large
number of sellers. Products are
homogeneous.

5. MONOPOLISTIC
A monopolistic market is a
theoretical condition that
describes a market where
only one company may offer
products and services to the
public. A monopolistic market
is the opposite of a perfectly
competitive market , in which
an infinite number of firms
operate. Example: hotel,
restaurants.

6. OLIGOPOLY
Oligopoly arises when a small
number of large firms have
all or most of the sales in an
industry . Examples of
oligopoly abound and include
the auto industry, cable
television, and commercial
air travel. Oligopolistic firms
are like cats in a bag.

7. MONOPOLY
A market structure characterized
by a single seller, selling a unique
product in the market. In a
monopoly market, the seller faces
no competition, as he is the sole
seller of goods with no close
substitute .Example: Microsoft
and windows DeBeers and
diamonds, your local natural gas
company

8. NAME – GURLEEN KAUR
TRADE- MARKETING EXECUTIVE
GOVT. ITI FOR WOMEN SECTOR 11C CHANDIGARH