how to market analyse
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This document defines and describes different types of markets. It begins by defining a market as a place where buyers and sellers meet to exchange goods and services. The main types of markets discussed are perfect competition, monopoly, monopolistic competition, and oligopoly. For each market type, the key features that define it are provided, such as the number of buyers and sellers, product homogeneity, barriers to entry, and pricing behavior. Examples are also given for some of the market types.
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Different Forms Of Market
This document discusses different types of markets:
1) Perfect competition is characterized by many small firms and buyers selling homogeneous products with no barriers to entry. Price is determined by the industry.
2) Imperfect competition includes monopoly, monopolistic competition, and oligopoly. A monopoly has a single seller without substitutes and can influence price. Monopolistic competition has many sellers of differentiated products. Oligopoly has a few dominant firms producing homogeneous or differentiated goods.
Types of markets and their characteristics.
1) The document discusses different types of market systems including monopoly, oligopoly, monopolistic competition, perfect competition, and monopsony.
2) A monopoly is characterized by a single seller, while an oligopoly has a small number of dominant sellers. Monopolistic competition involves differentiated products.
3) Perfect competition assumes many buyers and sellers such that no individual participant can influence the market price. A monopsony has a single buyer who can influence the price paid to suppliers.
The market structure
The document defines key terms related to market structure and perfect competition, including marginal cost, marginal revenue, total cost, and total revenue. It then outlines the characteristics of a perfectly competitive market: many buyers and sellers so that no single participant can influence prices; identical products being sold; buyers and sellers having perfect information; and easy entry and exit into the market. Perfect competition results in the market determining prices based on supply and demand forces.
Main market forms
The document discusses different market structures: perfect competition, monopoly, monopolistic competition, oligopoly, and duopoly. Perfect competition is characterized by many small firms, homogeneous products, perfect information, and price-taking behavior. Monopoly involves a single seller controlling the market. Monopolistic competition and oligopoly involve a small number of firms with some product differentiation. Oligopoly features mutual interdependence between firms. Duopoly is a special case of oligopoly with two firms.
Market structure
This document discusses market structure and its components. It defines market structure as the characteristics of a market that influence how buyers and sellers interact and behave. The key components of market structure are the number of buyers and sellers, type of product, conditions of entry and exit, and availability of information. The main types of market structure discussed are perfect competition, monopoly, oligopoly, and monopolistic competition. Perfect competition has many buyers and sellers and a homogeneous product. A monopoly has a single seller. Oligopoly and monopolistic competition are forms of imperfect competition that deviate from perfect competition.
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It includes:
What is Market?
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Characteristics of Market
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1)Area or region
2)Time
3)Functions
4)nature of Commodity
5)Legality
Types of Market structure
characteristics of all market structures
This can be useful for BBA student of 1st year.
Market and its types
This document defines different types of markets and their characteristics. It discusses perfect competition, monopoly, oligopoly, and monopolistic competition. Perfect competition is defined by many small firms, undifferentiated products, free entry and exit into the market, and firms being price takers. A monopoly has a single firm, significant barriers to entry, and the firm is a price maker. Oligopoly is characterized by a few dominant firms where the actions of one impact the others. Monopolistic competition involves many small differentiated firms that face downward sloping demand curves. The document also briefly discusses how globalization integrates markets around the world.
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Different Forms Of Market
This document discusses different types of markets:
1) Perfect competition is characterized by many small firms and buyers selling homogeneous products with no barriers to entry. Price is determined by the industry.
2) Imperfect competition includes monopoly, monopolistic competition, and oligopoly. A monopoly has a single seller without substitutes and can influence price. Monopolistic competition has many sellers of differentiated products. Oligopoly has a few dominant firms producing homogeneous or differentiated goods.
Types of markets and their characteristics.
1) The document discusses different types of market systems including monopoly, oligopoly, monopolistic competition, perfect competition, and monopsony.
2) A monopoly is characterized by a single seller, while an oligopoly has a small number of dominant sellers. Monopolistic competition involves differentiated products.
3) Perfect competition assumes many buyers and sellers such that no individual participant can influence the market price. A monopsony has a single buyer who can influence the price paid to suppliers.
The market structure
The document defines key terms related to market structure and perfect competition, including marginal cost, marginal revenue, total cost, and total revenue. It then outlines the characteristics of a perfectly competitive market: many buyers and sellers so that no single participant can influence prices; identical products being sold; buyers and sellers having perfect information; and easy entry and exit into the market. Perfect competition results in the market determining prices based on supply and demand forces.
Main market forms
The document discusses different market structures: perfect competition, monopoly, monopolistic competition, oligopoly, and duopoly. Perfect competition is characterized by many small firms, homogeneous products, perfect information, and price-taking behavior. Monopoly involves a single seller controlling the market. Monopolistic competition and oligopoly involve a small number of firms with some product differentiation. Oligopoly features mutual interdependence between firms. Duopoly is a special case of oligopoly with two firms.
Market structure
This document discusses market structure and its components. It defines market structure as the characteristics of a market that influence how buyers and sellers interact and behave. The key components of market structure are the number of buyers and sellers, type of product, conditions of entry and exit, and availability of information. The main types of market structure discussed are perfect competition, monopoly, oligopoly, and monopolistic competition. Perfect competition has many buyers and sellers and a homogeneous product. A monopoly has a single seller. Oligopoly and monopolistic competition are forms of imperfect competition that deviate from perfect competition.
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It includes:
What is Market?
What is market structure?
Characteristics of Market
Classification of Market
1)Area or region
2)Time
3)Functions
4)nature of Commodity
5)Legality
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characteristics of all market structures
This can be useful for BBA student of 1st year.
Market and its types
This document defines different types of markets and their characteristics. It discusses perfect competition, monopoly, oligopoly, and monopolistic competition. Perfect competition is defined by many small firms, undifferentiated products, free entry and exit into the market, and firms being price takers. A monopoly has a single firm, significant barriers to entry, and the firm is a price maker. Oligopoly is characterized by a few dominant firms where the actions of one impact the others. Monopolistic competition involves many small differentiated firms that face downward sloping demand curves. The document also briefly discusses how globalization integrates markets around the world.
Market structure
A market can be defined as a group of firms willing and able to sell a similar product or service to the same potential buyers.
Imperfect competition covers all situations where there is neither pure competition nor pure monopoly.
Perfect competition and pure monopoly are very unlikely to be found in the real world.
In the real world, it is the imperfect competition lying between perfect competition and pure monopoly.
The fundamental distinguishing characteristic of imperfect competition is that average revenue curve slopes downwards throughout its length, but it slopes downwards at different rates in different categories of imperfect competition.
Monopoly refers to the market situation where there is a
Single seller selling a product which has no close substitutes.
Monopolies are characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the existence of a high monopoly price well above the firm's marginal cost that leads to a high monopoly profit
The word “oligopoly” comes from the Greek “oligos” meaning "little or small” and “polein” meaning “to sell.” When “oligos” is used in the plural, it means “few” ,few firms or few sellers.
DEFINATION:
Oligopoly is that form of market where there are few firms and there is natural interdependence among the firms regarding price and output policy.
Market structure presentation
There are four main types of market structures: pure competition, monopoly, monopolistic competition, and oligopoly. Pure competition is characterized by many small sellers producing homogeneous products with free entry and exit in the market. A monopoly exists when there is a single seller of a unique product with no close substitutes and barriers to entry. Monopolistic competition features multiple firms making similar but differentiated products. Oligopoly describes a market with a small number of large firms producing standardized or differentiated goods where each firm must consider competitors' reactions.
Main Market Forms 2009 2
The document discusses different types of markets based on various factors such as area, nature of transactions, volume of business, time period, status of sellers, level of regulation, competition, number of buyers and sellers, and product characteristics. The key market structures described are perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is characterized by many small sellers and buyers, homogeneous products, and no barriers to entry or exit. A monopoly has a single seller and significant barriers to entry without close substitutes. Monopolistic competition has many sellers but differentiated products. Oligopoly has a few dominant sellers producing either homogeneous or differentiated goods.
Forms of market
The document discusses different forms of market structure: perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is defined as a market with many small producers and sellers of a homogeneous product, with no single firm influencing price. Monopoly exists when there is a single seller of a unique product without close substitutes. Monopolistic competition features many sellers of differentiated but similar products, while oligopoly describes a market with a small number of interdependent firms competing intensely. The document outlines the key features that define each market structure type.
Market structure
This document discusses market structure and defines the key types: perfect competition, monopoly, and monopolistic competition. Perfect competition has many small sellers and buyers, homogeneous products, free entry and exit, and transparent information. A monopoly has a single seller with a unique product and controls price and quantity. Monopolistic competition has multiple firms producing differentiated products facing downward sloping demand curves. The main differences are around the number of buyers and sellers, product homogeneity, and price uniformity across the types.
Market Structure
The document outlines four main market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is defined by a large number of buyers and sellers of homogeneous products, with all participants being price takers. A monopoly exists when there is a single seller of a unique product with no close substitutes, allowing the seller to be a price maker. Monopolistic competition involves many sellers of differentiated products with some control over price. Oligopoly describes a market with few sellers that can influence prices through cooperation or collusion.
Market Structure and Types of Market Structure
This document discusses different types of market structures: pure competition, monopoly, monopolistic competition, and oligopoly. It provides key characteristics of each structure, including the number and size of buyers and sellers, product differentiation, barriers to entry/exit, and pricing behavior. Pure competition has many small firms and sellers producing homogeneous products. A monopoly has a single seller of unique products with no close substitutes. Monopolistic competition features many firms making differentiated products. Oligopoly involves a small number of large firms producing standardized or differentiated goods.
Market structure
The document discusses different market structures including perfect competition, monopoly, monopolistic competition, oligopoly, and duopoly. It describes the key characteristics of each structure such as the number of firms, level of control over price, barriers to entry/exit, product homogeneity, and interdependence between firms. Perfect competition has many small firms, identical products, free entry/exit and firms are price takers. A monopoly is dominated by a single firm. Oligopoly and duopoly are dominated by a small number of large firms where their actions influence each other.
Market structure
A precise presentation of market structure and monopoly only. Some of the topc are presented by my classmates.
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This document provides an overview of managerial economics and market structures. It defines key terms like market structure, perfect competition, monopoly, and oligopoly. For oligopoly specifically, it outlines the key features including interdependence, importance of advertising, group behavior, indeterminate demand curves, few sellers, aggressive/defensive marketing, competition/combination, and identical/differentiated products. It also lists advantages like high profits for large firms, and disadvantages such as price setting benefiting firms over customers.
Forms of market
This document discusses different types of markets in microeconomics. It defines a market as the exchange of goods and services. Markets are classified as perfect or imperfect. A perfect market has many buyers and sellers of homogeneous products that sell at a single price determined by supply and demand. Features include no barriers to entry/exit and perfect information. Imperfect markets include monopoly, monopolistic, and oligopoly. A monopoly has a single seller with no substitutes. A monopolistic market has differentiated products and some barriers. An oligopoly has a few dominant sellers controlling most of the market. The document provides details on features of each type and compares perfect and monopoly markets. It ends with self-evaluation questions.
Market Analysis
This document provides an overview of different types of markets and market structures. It discusses markets based on geographic area, nature of transactions, volume of business, time, and level of competition. Key market structures covered include perfect competition, monopoly, monopolistic competition, oligopoly, and duopoly. Pricing strategies such as cost-based pricing, product life cycle pricing, and other approaches are also summarized.
THEORY OF MARKET
1. A market refers to a situation where buyers and sellers exchange goods and services and the price is determined. Key elements of a market include the presence of buyers, sellers, commodities, and a location for transactions.
2. The extent of a market depends on factors such as the characteristics and demand for the commodity, transportation and communication systems, political stability, and currency/credit systems. Government policies can also impact market size.
3. There are different types of markets including product, factor, and financial markets classified by what is bought and sold, as well as local, national, and international markets classified by location.
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CONCEPTS AND TYPES OF MARKETS,ENGINEERING ECONOMICS & FINANCIAL ACCOUNTING SRI SAIRAM INSTITUTE OF TECHNOLOGY, CHENNAI
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The document defines the four main types of market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is characterized by many small firms and buyers producing identical goods. A monopoly features a single seller of unique goods without close substitutes. Monopolistic competition involves many firms selling differentiated goods. Oligopoly describes an industry with a small number of large firms that interact strategically. Examples are provided for each type as well as their key characteristics regarding competition, pricing, and profitability.
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The document defines different types of markets and provides examples of each. It discusses physical markets where buyers and sellers interact in person, virtual markets where interaction occurs online, and auction markets where goods are sold to the highest bidder. It also outlines consumer markets for personal goods, industrial markets for business-to-business sales, black markets for illegal goods, and financial markets for trading financial instruments. The document then examines different market structures including perfect competition, monopolistic competition, monopoly, and oligopoly.
Types of Market Structure
This document defines different types of market structures:
- Perfect competition has many small firms, homogeneous products, free entry and exit, and firms that are price-takers.
- Monopoly has a single seller of a unique product without close substitutes that can influence price.
- Monopolistic competition features many small differentiated product sellers with some product differentiation and freedom of entry and exit.
- Oligopoly has a market dominated by a small number of interdependent firms that closely watch each other's actions.
Market structure
This chapter covers the types of market such as perfect competition, monopoly, oligopoly and monopolistic competition, in which business firms operate.
Market Structure
The document discusses different types of market structures that exist, including perfect competition, imperfect competition, monopoly, monopolistic competition, and oligopoly. It provides characteristics and examples of each type of market structure. Perfect competition is defined by many small sellers and buyers, freedom of entry and exit, uniform products, and perfect consumer information. Imperfect competition includes product differentiation and non-price competition. A monopoly is characterized by a single seller, high barriers to entry, and no substitutes. Monopolistic competition involves differentiation with many sellers. Oligopoly has few dominant sellers that interact strategically. The document emphasizes the importance for businesses to understand the market structure they operate within to make pricing and production decisions.
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The document discusses different forms of market structure under economics, including perfect competition and monopoly. Perfect competition refers to a market with many small buyers and sellers, homogeneous products, free entry and exit into the market, and perfect information. The key features of perfect competition are a large number of buyers and sellers, homogeneous products, free entry and exit into the market, perfect information among all parties, perfect mobility of resources, no transportation or selling costs. Monopoly refers to a market with a single seller and no close substitutes for the product. It is characterized by a single seller, lack of substitutes, restrictions on firms entering or exiting the market, and price discrimination.
Market morphology
1. The document discusses different types of market structures including perfect competition, monopoly, oligopoly, and monopolistic competition.
2. It defines key characteristics of each market structure such as the number of sellers and buyers, product differentiation, and barriers to entry.
3. Examples of different market classifications are provided such as local markets for perishable goods versus national or world markets for mass-produced items.
Market structure 150913064152-lva1.pptx
This document discusses different types of market structures:
- Perfect competition, which has many small firms, homogeneous products, no barriers to entry/exit, and perfect information.
- Monopoly, which has a single seller of a unique product with no close substitutes and barriers to entry.
- Oligopoly, which has a small number of interdependent firms producing similar or differentiated products.
- Monopolistic competition, which has many firms producing differentiated products, giving each some market power.
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Market structure
A market can be defined as a group of firms willing and able to sell a similar product or service to the same potential buyers.
Imperfect competition covers all situations where there is neither pure competition nor pure monopoly.
Perfect competition and pure monopoly are very unlikely to be found in the real world.
In the real world, it is the imperfect competition lying between perfect competition and pure monopoly.
The fundamental distinguishing characteristic of imperfect competition is that average revenue curve slopes downwards throughout its length, but it slopes downwards at different rates in different categories of imperfect competition.
Monopoly refers to the market situation where there is a
Single seller selling a product which has no close substitutes.
Monopolies are characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the existence of a high monopoly price well above the firm's marginal cost that leads to a high monopoly profit
The word “oligopoly” comes from the Greek “oligos” meaning "little or small” and “polein” meaning “to sell.” When “oligos” is used in the plural, it means “few” ,few firms or few sellers.
DEFINATION:
Oligopoly is that form of market where there are few firms and there is natural interdependence among the firms regarding price and output policy.
Market structure presentation
There are four main types of market structures: pure competition, monopoly, monopolistic competition, and oligopoly. Pure competition is characterized by many small sellers producing homogeneous products with free entry and exit in the market. A monopoly exists when there is a single seller of a unique product with no close substitutes and barriers to entry. Monopolistic competition features multiple firms making similar but differentiated products. Oligopoly describes a market with a small number of large firms producing standardized or differentiated goods where each firm must consider competitors' reactions.
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The document discusses different types of markets based on various factors such as area, nature of transactions, volume of business, time period, status of sellers, level of regulation, competition, number of buyers and sellers, and product characteristics. The key market structures described are perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is characterized by many small sellers and buyers, homogeneous products, and no barriers to entry or exit. A monopoly has a single seller and significant barriers to entry without close substitutes. Monopolistic competition has many sellers but differentiated products. Oligopoly has a few dominant sellers producing either homogeneous or differentiated goods.
Forms of market
The document discusses different forms of market structure: perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is defined as a market with many small producers and sellers of a homogeneous product, with no single firm influencing price. Monopoly exists when there is a single seller of a unique product without close substitutes. Monopolistic competition features many sellers of differentiated but similar products, while oligopoly describes a market with a small number of interdependent firms competing intensely. The document outlines the key features that define each market structure type.
Market structure
This document discusses market structure and defines the key types: perfect competition, monopoly, and monopolistic competition. Perfect competition has many small sellers and buyers, homogeneous products, free entry and exit, and transparent information. A monopoly has a single seller with a unique product and controls price and quantity. Monopolistic competition has multiple firms producing differentiated products facing downward sloping demand curves. The main differences are around the number of buyers and sellers, product homogeneity, and price uniformity across the types.
Market Structure
The document outlines four main market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is defined by a large number of buyers and sellers of homogeneous products, with all participants being price takers. A monopoly exists when there is a single seller of a unique product with no close substitutes, allowing the seller to be a price maker. Monopolistic competition involves many sellers of differentiated products with some control over price. Oligopoly describes a market with few sellers that can influence prices through cooperation or collusion.
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This document discusses different types of market structures: pure competition, monopoly, monopolistic competition, and oligopoly. It provides key characteristics of each structure, including the number and size of buyers and sellers, product differentiation, barriers to entry/exit, and pricing behavior. Pure competition has many small firms and sellers producing homogeneous products. A monopoly has a single seller of unique products with no close substitutes. Monopolistic competition features many firms making differentiated products. Oligopoly involves a small number of large firms producing standardized or differentiated goods.
Market structure
The document discusses different market structures including perfect competition, monopoly, monopolistic competition, oligopoly, and duopoly. It describes the key characteristics of each structure such as the number of firms, level of control over price, barriers to entry/exit, product homogeneity, and interdependence between firms. Perfect competition has many small firms, identical products, free entry/exit and firms are price takers. A monopoly is dominated by a single firm. Oligopoly and duopoly are dominated by a small number of large firms where their actions influence each other.
Market structure
A precise presentation of market structure and monopoly only. Some of the topc are presented by my classmates.
Market structure updated
This document provides an overview of managerial economics and market structures. It defines key terms like market structure, perfect competition, monopoly, and oligopoly. For oligopoly specifically, it outlines the key features including interdependence, importance of advertising, group behavior, indeterminate demand curves, few sellers, aggressive/defensive marketing, competition/combination, and identical/differentiated products. It also lists advantages like high profits for large firms, and disadvantages such as price setting benefiting firms over customers.
Forms of market
This document discusses different types of markets in microeconomics. It defines a market as the exchange of goods and services. Markets are classified as perfect or imperfect. A perfect market has many buyers and sellers of homogeneous products that sell at a single price determined by supply and demand. Features include no barriers to entry/exit and perfect information. Imperfect markets include monopoly, monopolistic, and oligopoly. A monopoly has a single seller with no substitutes. A monopolistic market has differentiated products and some barriers. An oligopoly has a few dominant sellers controlling most of the market. The document provides details on features of each type and compares perfect and monopoly markets. It ends with self-evaluation questions.
Market Analysis
This document provides an overview of different types of markets and market structures. It discusses markets based on geographic area, nature of transactions, volume of business, time, and level of competition. Key market structures covered include perfect competition, monopoly, monopolistic competition, oligopoly, and duopoly. Pricing strategies such as cost-based pricing, product life cycle pricing, and other approaches are also summarized.
THEORY OF MARKET
1. A market refers to a situation where buyers and sellers exchange goods and services and the price is determined. Key elements of a market include the presence of buyers, sellers, commodities, and a location for transactions.
2. The extent of a market depends on factors such as the characteristics and demand for the commodity, transportation and communication systems, political stability, and currency/credit systems. Government policies can also impact market size.
3. There are different types of markets including product, factor, and financial markets classified by what is bought and sold, as well as local, national, and international markets classified by location.
CONCEPTS AND TYPES OF MARKETS,ENGINEERING ECONOMICS & FINANCIAL ACCOUNTING
CONCEPTS AND TYPES OF MARKETS,ENGINEERING ECONOMICS & FINANCIAL ACCOUNTING SRI SAIRAM INSTITUTE OF TECHNOLOGY, CHENNAI
CONCEPTS AND TYPES OF MARKETS,ENGINEERING ECONOMICS & FINANCIAL ACCOUNTING, SRI SAIRAM INSTITUTE OF TECHNOLOGY, CHENNAIPresentation - Market structure (incomplete)
The document defines the four main types of market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is characterized by many small firms and buyers producing identical goods. A monopoly features a single seller of unique goods without close substitutes. Monopolistic competition involves many firms selling differentiated goods. Oligopoly describes an industry with a small number of large firms that interact strategically. Examples are provided for each type as well as their key characteristics regarding competition, pricing, and profitability.
Market structure of Bangladesh
The document defines different types of markets and provides examples of each. It discusses physical markets where buyers and sellers interact in person, virtual markets where interaction occurs online, and auction markets where goods are sold to the highest bidder. It also outlines consumer markets for personal goods, industrial markets for business-to-business sales, black markets for illegal goods, and financial markets for trading financial instruments. The document then examines different market structures including perfect competition, monopolistic competition, monopoly, and oligopoly.
Types of Market Structure
This document defines different types of market structures:
- Perfect competition has many small firms, homogeneous products, free entry and exit, and firms that are price-takers.
- Monopoly has a single seller of a unique product without close substitutes that can influence price.
- Monopolistic competition features many small differentiated product sellers with some product differentiation and freedom of entry and exit.
- Oligopoly has a market dominated by a small number of interdependent firms that closely watch each other's actions.
Market structure
This chapter covers the types of market such as perfect competition, monopoly, oligopoly and monopolistic competition, in which business firms operate.
Market Structure
The document discusses different types of market structures that exist, including perfect competition, imperfect competition, monopoly, monopolistic competition, and oligopoly. It provides characteristics and examples of each type of market structure. Perfect competition is defined by many small sellers and buyers, freedom of entry and exit, uniform products, and perfect consumer information. Imperfect competition includes product differentiation and non-price competition. A monopoly is characterized by a single seller, high barriers to entry, and no substitutes. Monopolistic competition involves differentiation with many sellers. Oligopoly has few dominant sellers that interact strategically. The document emphasizes the importance for businesses to understand the market structure they operate within to make pricing and production decisions.
Forms of market class 12
The document discusses different forms of market structure under economics, including perfect competition and monopoly. Perfect competition refers to a market with many small buyers and sellers, homogeneous products, free entry and exit into the market, and perfect information. The key features of perfect competition are a large number of buyers and sellers, homogeneous products, free entry and exit into the market, perfect information among all parties, perfect mobility of resources, no transportation or selling costs. Monopoly refers to a market with a single seller and no close substitutes for the product. It is characterized by a single seller, lack of substitutes, restrictions on firms entering or exiting the market, and price discrimination.
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1. The document discusses different types of market structures, including perfect competition, monopoly, oligopoly, and monopolistic competition.
2. It defines each type of market structure based on the number of buyers and sellers, product differentiation, barriers to entry, and firms' ability to influence prices.
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1. The document discusses different types of market structures, including perfect competition, monopoly, oligopoly, and monopolistic competition.
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This document provides an overview of different market structures including perfect competition, monopoly, monopolistic competition, and oligopoly. It discusses the key characteristics of each market structure, such as the number of firms, product differentiation, barriers to entry, and firm behavior. Perfect competition is defined as a market with many small firms, identical products, perfect information and free entry and exit. Monopoly is a market with a single firm and significant barriers to entry. Monopolistic competition features many firms, differentiated products, and free entry. Oligopoly involves a small number of large firms producing either homogeneous or differentiated products.
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Economics project on concept on revenue on markets
This document discusses revenue concepts in different market structures. It defines revenue, market, and the key market structures - perfect competition, monopolistic competition, and monopoly.
For perfect competition, the document outlines features like many small firms, homogeneous products, free entry and exit. Revenue is constant for each firm as they are price takers.
Monopolistic competition has product differentiation and imperfect information. Demand is more elastic.
Monopoly has a single seller, barriers to entry, no close substitutes. The monopolist is a price maker and determines price to maximize profits. Both average and marginal revenue are negatively sloped for a monopoly.
Theories of market stracture 2
This document discusses different market structures. It begins by defining market structure and its key characteristics. It then lists the four major market structures: perfect competition, monopoly, oligopoly, and monopolistic competition. For each structure, it provides examples and discusses key assumptions. It also outlines factors that determine a market's structure and provides definitions for different models of market structures, including their main assumptions.
Perfect competition
This document discusses perfect competition in markets. It defines a perfectly competitive market as one with many potential buyers and sellers, homogeneous products, and prices determined by market forces alone. Firms in a perfectly competitive market are price takers and will enter or exit the market in response to profits and losses. The key characteristics of a perfectly competitive market include free entry and exit, perfect information, and mobility of resources.
Eco mkt-st rc
The document discusses different market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. It provides features of each structure, examples, and criteria used to distinguish them. Perfect competition is characterized by many small sellers, homogeneous products, perfect information, and negligible impact of individual buyers/sellers on price. Monopoly has a single seller, no close substitutes for the good, and barriers to entry. Monopolistic competition involves differentiated products that are close substitutes, while oligopoly includes a small number of interdependent sellers controlling the market.
Business Economics Unit 4
UNIT - IV: MARKET STRUCTURE AND PRICING PRACTICES: Features and Types of
different Competitive Situations – Price-Output Determination in Perfect Competition –
Monopoly - Monopolistic Competition and Oligopoly both in the long run and short run;
PRICING PHILOSOPHY: Pricing methods and Strategies.
market - Types and their details
A market is defined as a place where buyers and sellers engage in transactions of various products. The structure of a market determines the price and level of production in that market. There are four main types of market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. Under perfect competition, there are many small firms and buyers/sellers, products are homogeneous, there is free entry and exit into the market, and prices are determined by supply and demand forces.
Mod 7,8
This document discusses different market structures including perfect competition, monopoly, monopolistic competition, and oligopoly. It provides details on the key characteristics of each market structure type and gives examples. Perfect competition has many buyers and sellers, homogeneous goods, free entry and exit, and perfect information. A monopoly has a single seller, no close substitutes for its product, and barriers to entry. Monopolistic competition features differentiated products, many firms, and independent pricing decisions. Oligopoly is characterized by a few dominant sellers, each with a significant market share.
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Market1 13360310399641-phpapp02-120503024734-phpapp02
Market1 13360310399641-phpapp02-120503024734-phpapp02
Economics project on concept on revenue on markets
Economics project on concept on revenue on markets
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Money And Banking Class XII Com. CBSE
The document discusses several topics related to money and banking. It defines money as a universally accepted means of exchange that lowers transaction costs. It also discusses barter exchange as the oldest form of commerce where goods and services are directly exchanged. The primary functions of money are as a medium of exchange and a common unit of value, while secondary functions include storing value, transferring value, and acting as a deferred payment standard. Money demand is impacted by factors like inflation, income, interest rates, and uncertainty and stems from transaction and speculative motives. The supply of money refers to the total money held by the public and different measures of money supply are discussed, along with the roles of commercial banks, central banks, and policies that impact money creation
New Economic Policy Reform Class XII (Economics)
The document discusses India's New Economic Policy (NEP) that was implemented in 1991. The NEP involved liberalizing the economy, privatizing public sector industries, and opening the country to global trade and investment. It overhauled India's socialist policies and led to significant economic reforms. The key aspects of the NEP included deregulating private businesses, reducing import and export restrictions, lowering taxes, and selling state-owned companies to private owners to boost efficiency. The NEP aimed to increase economic growth and transition India to a free market system.
Consumer Equilibrium Class XI CBSE
The document discusses consumer equilibrium, which occurs when a consumer spends their income on commodities in a way that maximizes their satisfaction given prices. For a single commodity, equilibrium exists when marginal utility equals price. For multiple commodities, the condition is that the marginal utility per rupee spent is equal across all goods. An example shows a consumer in equilibrium purchasing amounts of goods X and Y that equalize marginal utility per rupee spent on each.
Micro Economics Class XI CBSE
This document covers key concepts in microeconomics. It discusses how economics studies scarcity and the choices that must be made about allocating limited resources. It defines opportunity cost and marginal opportunity cost, explaining that increasing production of one good requires giving up production of another. It also introduces the production possibilities curve (PPC) as a way to visualize scarcity and tradeoffs, showing the maximum combinations of goods an economy can produce with its resources. The PPC slopes downward and is concave in shape.
Indian Economy (1950-1990)
This document discusses India's economic development after independence. It describes the three main types of economic systems - capitalist, socialist, and mixed - and explains that India adopted a mixed economy. It outlines the key aspects of India's economic planning, including the establishment of the Planning Commission in 1950. The document also discusses India's agricultural development through land reforms and the Green Revolution, as well as industrialization policies like import substitution and licensing requirements.
Indian Economy on the Eve Of Independence class XII
The Indian economy on the eve of independence was in poor shape due to British colonial rule over the past 200 years. Agriculture was stagnant due to the land settlement system, commercialization of crops, and low productivity. Industry was underdeveloped due to de-industrialization, lack of capital goods industries, and a small public sector. Foreign trade followed an export-import pattern that benefited Britain by sending raw materials there in exchange for finished goods. Infrastructure was developed but mainly to benefit British interests in transporting goods. Overall, the economy was colonial, semi-feudal, and stagnant with a large rural population engaged in low-productivity agriculture.
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Korean business etiquetees
In Korean culture, handshakes are common but the eldest person should extend their hand first. Being overly polite will make a good first impression. When shaking hands, use both hands and bow slightly deeper than the other person bows. Aggressive friendliness is discouraged. When leaving a group, bow individually and thank each person. For men, a dark suit and tie are recommended for professional settings and jewelry is unusual. For women, facial hair is unprofessional but jewelry is acceptable. When exchanging gifts or documents, use two hands and bow to show thanks and humility. Never write on a business card you receive. Say "thank you" as "kamsahamnida" and "you're welcome" as "
ABOUT HRIS WITH CONCEPT
An HRIS is a computer-based system used to track employee data related to human resource management. It allows for efficient tracking of employee details, makes desired information available in the right form to relevant people, and provides necessary security and confidentiality of information. Key functions of an HRIS include creating and maintaining employee records, ensuring legal compliance, forecasting future HR needs, reducing manual work, and assisting managers with relevant data. While an HRIS increases efficiency and ease of data updates and storage, limitations include that the system cannot address organizational issues itself, potential breakdowns can occur, and expert costs may be exceeded.
the writing process
The writing process involves several steps: 1) Planning by determining the objective and intended reader reaction, 2) Gathering facts and information needed for the message, 3) Analyzing and organizing the information, 4) Writing the initial message draft with the plan and intended manner in mind, 5) Rewriting and revising the draft after review and input from others, and 6) Editing for errors and presenting the final draft.
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Communication is the process of passing information and understanding between individuals. There are various types of communication including formal and informal communication, upward, downward, and horizontal communication, and written and oral communication. Communication also occurs through different channels between superiors and subordinates about plans, policies, notices, suggestions, complaints, and proposals.
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The document discusses different types of personal and impersonal accounts. For personal accounts it identifies natural personal accounts like Ram's account, artificial personal accounts like Shyam & Co account, group representative accounts like debtors account, and proprietor accounts like capital account and drawing account. Impersonal accounts are those not related to any specific institution, firm, or company and include real accounts used in running a business like goods and assets accounts, and nominal accounts. Real accounts track items like purchases, sales, land, and buildings.
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this will helping about to study about small business organisation in very simple & understandable language
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Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
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how to market analyse
- 1. Presented By Kishan Lal Sharma
- 2. It refers to a designate place where Buyers & Sellers meet for exchange of goods & services . Examples:- 1.Chandni chowk market 2.Kamla nagar market But In geographic sense like Local market, District Market etc. In this there are two types of Markets :- Consumer Market Industrial Market
- 3. 1.Commodity:-There cannot be a market without commodity 2.Buyers & Sellers:- Without Buyers & Sellers the sale purchase activity cannot be conducted which is essential part of a market. 3.Close Contact:-There should contact & communication between Buyers & Sellers. 4.Competition:-There should be some competition among Buyers & Sellers of the commodity in a market.
- 4. Types of Markets On the bases of four points which was define by economist i.e The number of Buyers & Sellers of the commodity The nature of the commodity produce by the sellers Degree of freedom in the movements of goods & factors of productions Knowledge of the Buyers & Sellers regarding prices in the market
- 5. Perfect Competition :- This competition exist when there are large numbers of Buyers & Sellers of a homogeneous (same kind ) products and its price is determined by the forces of demand & supply and no Sellers can change the price. In this any Buyers & Sellers can purchase any commodity from any Sellers the prices quoted by them. Features :- Large number of Buyers & Sellers. Homogeneuos Products. Freedom of entry & exit. Perfect knowledge of market. Perfect mobility of fectors.
- 6. Ac & mr curve under perfect competition Y P (AR=MR=D) 0 Q2 Q Q1 X
- 7. Features :- Single Seller of the product. No close substitutes. Barriers to entry. Restriction on competition. Price Maker. Ex.Railways
- 8. Y MR AR 0 X
- 9. Monopolistic competition is a market situation in which there are many Sellers of a particular product but the product of each Seller is in some way differentiated in the mind of consumer from the products of every other Sellers. Examples :- Textiles, toothpaste, T.V. etc.
- 10. Large number of Sellers. Product Differentiation. Freedom of entry or exit. No price competition
- 11. It is an important form of imperfect competition.Oligipoly is often described as ‘competition among the few’. In other word ,when there are a few sellers in a market selling homogeneous or diffrentiated product,oligopoly is said to exits Example :- Cold Drinks Industry Automobile Industry etc.
- 12. Features of Oligopoly A few Sellers. Interdependence. Indeterminate Demand curve. Importance of Advertising and Selling costs. Group Behaviour .