The document is a presentation by Rohan Goyal, a class 12 CBSE student, on various types of markets including perfect competition, monopolistic, monopoly, and oligopoly markets. Each market type is defined and described with its features such as number of buyers and sellers, product nature, and market entry and exit conditions. The presentation emphasizes the characteristics and differences between these market structures.

1. FORMS
OF
MARKETPRESENTED BY ROHAN GOYAL OF CLASS 12 CBSE
STUDENT OF EXCELLENT COMMERCE COACHING CENTRE
BELONG TO BACTCH NUMBER 1
INSPIRED BY THE OUR HONOURABLE ECONOMICS PROFESSER JACKY GARG
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2. DEFINITION OF THE MARKET
Market is place where consumers or people get
what they want and they purchase to satisfy their
needs.
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WHY YOU GO TO
MARKET?
BECAUSE I CAN
GET WHAT I WANT

3. TYPES OF MARKET
(I)
PERFECT
COMPETITION
(II)
MONOPOLISTIC
MARKET
(III)
MONOPOLY
MARKET
(IV)
DUOPOLY
MARKET
(V)
OLIOGPOLY
MARKET
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4. PERFECT COMPETITION
DEFINITION OF PERFECT COMPETITION MARKET
IT IS MARKET IN WHICH LARGE NUMBER OF BUYERS AND SELLERS ARE FOUND AND IN
THIS MARKET HOMOGENEOUS PRODUCT IS ALSO FOUND.
FEATURES OF THE PERFECT COMPETITION MARKET
1.BUYERS AND SELLERS: In this market,there are large number of buyers and sellers
are there because of the product being homogeneous.
2.NATURE OF THE PRODUCT: In this market,homogeneous product is found and due to
this feature only large number of buyers are found and sellers also.
3.ENTRY AND EXIST: In this market,there is free entry and exist because there is impact
on the market when firm enter the market or move out from the market.
4.PERFECT KNOWLEDGE: In this market,the all the persons which are pose to be the
buyers have perfect knowledge about the product as product is same or simple.
5.PERFECT MOBILITY: In this market,there is perfect mobility because customer can
move from one firm to another due to product availability at every shop.
6.SELLING COST: In this market,firm do not has to bear selling cost because product is
homogenous and so no additional advertisement expenses is required.

5. MONOPOLISTIC MARKET
DEFINITION OF THE MONOPOLISTIC MARKET
IT REFERS TO THE MARKET IN WHICH THERE ARE LARGE NUMBER OF BUYERS AND
SELLERS ARE THERE AND IN THIS MARKET HETROGENEOUS PRODUCT IS FOUND.
FEATURES OF THE MONOPOLISTC MARKET
1.BUYERS AND SELLERS: In this market,there are large number of buyers and sellers
because of wider choice in this type of market.
2.NATURE OF THE PRODUCT: In this market,the hetrogeneous product is find because
all producers sell product which are different in size,features,quality design.
3.ENTRY AND EXIT: In this market,there is free entry and exit is there but then also
there are some restrictions like no one can copy the name of the company etc.
4.IMPERFECT KNOWLEDGE: In this market,buyers do not have perfect knowledge
about the product as product in the market are many and they can’t be remind.
5.IMPERFECT MOBILITY: In this market,there is imperfect mobility because ensurity
about product availability at every shop is not there and if buyer have to pay high
price to one seller then he can’t able to move to another seller.
6.SELLING COST: In this market,seller has to bear selling cost as there is product
differentiation and to sell his product he has to do avertising on media etc.

6. MONOPOLY MARKET
DEFINITION OF THE MONOPOLY MARKET
IT REFERS TO THE MARKET IN WHICH THERE ONE SELLER AND BUYERS ARE MANY
AND IN THIS MARKET THERE IS CLOSE SUBSTITUE OF THE PRODUCT.
FEATURES OF THE MONOPOLY MARKET
1.BUYERS AND SELLERS: In this market,there is only one seller and there are many
buyers of the product and that is the reason this market is monopoly.
2.NATURE OF THE PRODUCT: In this market,there is no homogeneous and there is no
hetrogeneous product because there is only one product in the market.
3.ENTRY AND EXIT: In this market,there is no free entry and exit as there are no some
restrictions instead there are many restrictions opposed by government.
4.PERFECT KNOWLEDGE: In this market,there can be perfect knowledge of the product
as product in this market is one only.for example railways are monopoly of
government in india and every people in country are pose to have knowledge.
5.IMPERFECT MOBILITY: In this market,there is imperfect moblity as if buyer get high
price so he can’t able to move as seller is only one in market.
6.SELLLING COST: In this market,seller had to bear selling expense because as if he had
to sell the product then firstly seller had to spend on advertisement.

7. OLIGIOPOLY MARKET
DEFINITION OF THE OLIGOPOLY MARKET
IT REFERS TO THE MARKET IN WHICH THERE ARE FEW SELLERS AND MANY BUYERS
ARE THERE AND IN THIS MARKET THERE IS MUCH INTERDEPNDENECE.
FEATURES OF THE OLIGIOPOLY MARKET
1.BUYERS AND SELLERS: In this market,there are few sellers and there are many buyers
for example in india there are few companies of cars but their demand is much.
2.DEMAND CURVE: In this market,the demand curve is difficult to form because there
is much change in the price and output of company as due to interdependence.
3.INTERDEPENDENCE: In this market,there is much interdepence as one firm is
dependable on another firm’s price and output policy.
4.NON PRICE COMPETITION: In this market,the firm prefer to build his share in market
by advertising not by battling through price.
5.ENTRY AND EXIST: In this market,entry of firms is not easy as in this market there is
much requiement of high investment and this market is secured with patents also.
6.CARTEL FORMATION: In this market,firms often form cartel which means group form.

8. THANKS
FOR
WATCHING
MINE
PRESENTATION
ON
THE
ECONOMICS TOPIC