This document defines different types of markets and provides examples of each. A market is where buyers and sellers interact and establish competition between buying and selling, regardless of physical place. The main types of markets discussed are perfect competition, monopoly, oligopoly, and monopolistic competition. Perfect competition has many small sellers and buyers trading standardized products. A monopoly has only one seller of a unique product without close substitutes. Oligopoly is dominated by a small number of large firms. Monopolistic competition involves differentiated products with easy market entry and exit. Examples are given for each type of market.

1. MARKET

2. MARKET DEFINATION
Market is the accumulation of buyers
and sellers where competition
between buying and selling is
established. Traditionally ,we think
that market is a place where buying
and selling is occurred .But in
economics market is not donate by
place.

3. TYPE OF MARKET
PERFECT COMPETITION
MONOPOLY
OLIGOPOLY
MONOPOLISTIC

4. PERFECT COMPETITION
The situation prevailing in a market in
which buyers and sellers are so numerous
and well informed that all elements of
monopoly are absent and the market
price of a commodity is beyond the
control of individual buyers and sellers.
Examples: Pig farming, cattle
Wholesale market for vegetables , fish ,
flowers

5. MONOPOLY
A monopoly is a form of market in which there is
only one seller of a product with no close
substitutes. It means no direct competitors of the
selling firm in the market.
Examples:
Apartments
Books
Bottled water
Clothing

6. 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.
A few large firms
Non-price competition
Examples
Steel ,Oil
Automobiles

7. MONOPOLISTIC
Monopolistic competition is a market
structure in which many firms sell a
differentiated product and entry into and
exit from the market are relatively easy.
Examples: furniture ,jewelry , leather
goods, grocery stores , gas stations ,
restaurants clothing stores and medical
care.

8. NAME-RAJWINDER KAUR
TRADE-MARKETING EXECUTIVE
GOVT ITI FOR WOMEN SEC 11C