100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Types of Markets £10.26
Add to cart
Quickly navigate to
Preview
  2.  
  3. Economics
  4.  
  5. Economics

Lecture notes

Types of Markets
 4 views  0 purchase
  • Module
  • Economics
  • Institution
  • Economics
  • Book
  • Statistics for Business & Economics

Each type of market has its own set of rules, competitive dynamics, and implications for consumers, producers, and the broader economy. Understanding these market types is crucial for businesses, policymakers, and economists to make informed decisions and develop effective strategies.

Preview 1 out of 3  pages

Document information

  • September 18, 2023
  • 3
  • 2021/2022
  • Lecture notes
  • Miss zahida
  • 11th and 12th

Subjects

  • ecnomics notes
  • type of markets
  • market types

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • ECS1501 Assignment 5 2024 (654552)
  • Economics 1
  • ECONOMICS FUNDAMENTALS : UNIT 1
All for this textbook (8)

Written for

  • Economics
All documents for this subject (1032)

Seller

avatar-seller
hamna4697

Content preview

Types of Market
1. Based on Competition:
Perfect Competition: In this type of market, there are many buyers and sellers, identical products, and
perfect information. No single entity can influence the market price.

Monopoly:
A single seller or producer dominates the market, giving them significant control over prices and supply.

Monopolistic Competition: Many sellers offer products that are slightly differentiated, giving them some
degree of pricing power.

Oligopoly:
A small number of large firms dominate the market, and their actions can significantly affect prices and
competition.

Based on Nature of Goods:



Goods Market:
This includes markets for tangible products like cars, electronics, and food items.

Services Market:
This includes markets for intangible services like healthcare, education, and consulting.

Based on Geographical Coverage:



Local Markets:
Transactions occur within a specific geographic area, such as a neighborhood or town.

National Markets:
Transactions cover an entire country.

International Markets:
Transactions occur across national borders, involving goods and services traded between countries.

Based on Time Horizon:

Spot Market:
Transactions involve the immediate delivery and payment of goods or services.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller hamna4697. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £10.26. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

50843 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£10.26
  • (0)
Add to cart
Added