market and its types

1. MARKET DEFINITION
•A market is defined as the sum total
of all the buyers and sellers in the
area or regions under consideration.
The two parties involved in
transaction are called seller and
buyer.

2. TYPERS OF MARKETS
• PERFECT COMPETITION
• MONOPOLY
• OLIGOPOLY
• MONOPOLISTIC

3. Perfect COMPETITION
• PRICE competitions
• A takes the market price of the good
sets its own price equal to it.
• Does not taken the market price at all
takes the market price of the good and
sets its own price above it.

4. MONOPOLY
• Many producers provide similar but
varied goods
• Price competition.
• Non price competition differentiation
market remain competitive.
• Examples-restaurants, plumbers.
•

5. OLIGOPOLY
• Oligopoly is a market situation in which
there are few firms producing either
differential goods or closely differential
good. The number of firms is so small that
every seller is affected by the activities of
the other.
• Examples-Automobiles, Electrical equipment

6. MONOPOLISTIC COMPETITION
• Hair salon, restaurant,
clothing and consumer
electronics are all
examples of industries
with monopolistic
competition.
•

7. THANK YOU
NANE-NISHU SOOD
MARKETING EXECUTIVE
GOVT ITI FOR WOMEN
SEC 11 CHANDIGARH