Markets allow buyers and sellers to exchange goods and services. The purpose of the chapter is to understand what markets are, how they function, and their role in society. Markets require a seller with a product or service to sell, buyers willing to purchase goods and services, and an exchange of goods and services between buyers and sellers. Markets serve several roles, including making it easier for consumers to meet their needs, promoting goods and services, providing sales opportunities for distributors, creating jobs and income for society, and regulating economic activity and government finances. Markets also function as mechanisms for distribution, price formation, promotion, and economic stability. Different types of markets include consumer goods markets and producer markets.

1. m a r k e t
m a r k e t
Definition, Role, Function and Type
Ms. Juliana's Class

2. Hello Students !
welcome to my
economics class

3. Markets are instruments in people's
economic lives. This is where transactions
between sellers and buyers take place, and
of course goods/services are traded.The
purpose of this chapter is to study the
meaning of the market, how it functions and
the role of the market in society, how the
market It is to deepen our understanding of
the conditions under which it occurs, the
type of market, etc.
I n t r o d u c t i o n

4. d e f i n i t i o n
The definition of
marketplace is where
goods/services are bought
and sold by sellers and
buyers.

5. Market requirements that need to be
met, among other things:
There is a seller
who wants to sell
a product or
service.
There are
buyers who buy
goods and
services.
Goods/
services must be
traded.
1. 2. 3.

6. Make it easier for consumers to
meet their needs
Role Of The Market:
Promotion of the goods and
services produced.
For distributors, the market serves
as a catalyst for sales activities.
1.
2.
3.

7. For society at large, the market can
serve as a place for jobs and income.
4. 5.
To control and regulate economic
activity and government finances.
Role Of The Market:

8. In addition to the
aforementioned roles
of the market, the
market also has
various functions.
Market Function

9. Functions of the market as
functions of distribution
Market function as price formation
Function of the market as a
function of promotion
Market functions as functions of
economic stability
Market Function

10. The consumer
goods market is a
market for
buying and selling
consumer goods .
Market Type:
A producer's
market is a
market where
production
factors .

11. t h a n k y o u