MARKET AND ITS TYPES

1. MARKET AND ITS TYPES

2. MARKET DEFINITION
 Market, a means by which the
exchange of goods and services
takes place as a result of buyers and
sellers being in contact with one
another, eit her directly or through
mediating agents or institutions.

3. TYPES OF MARKETS
Perfect Competition
Monopoly
Oligopoly
Monopolistic Competition

4. DIFFERENT MARKET STRUCTURE

5. PERFECT COMPETITION
 Agricultural markets are examples
of nearly perfect competition as
well. Imagine shopping at your
local farmers' market: there are
numerous farmers, selling the
same fruits, vegetables and herbs.
You can easily find out the prices
for the goods, but they are usually
all about the same

6. MONOPOLY
 A monopoly is a firm who is the
sole seller of its product, and
where there are no close
substitutes. An unregulated
monopoly has market power and
can influence prices.
Examples: Microsoft and
Windows, DeBeers and
diamonds, your local natural gas
company.

7. 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.

8. MONOPOLISTIC COMPETITION
 Hair salons, restaurants, clothing, and
consumer electronics are all examples
of industries with monopolistic
competition. Each company offers
products that are similar to others in
the same industry. However, they can
distinguish themselves through
marketing and branding.

9. THANK YOU
NAME- SIMRANPREET KAUR
MARKETING EXECUTIVE
GOVT. ITI WOMENS COLLEGE SECTOR- 11C,
CHANDIGARH