Types of Markets

Types of Markets

Types of Markets
A market is a unique phenomenon comprising of several features and characteristics based on its differentiation. It is essential to understand these markets to have a better glimpse of the economy. Markets may be unpredictable, volatile, and sometimes much more than your analysis. Hence read and understand these types of markets before you dig in further into the economy. Infinite Buyers and Sellers A market which consists of many small firms competing against each other may be known as perfect competition. It may be hard to find such markets in this day and time, but that does not mean they don't exist. These firms do not have power over another as they do not possess the capability of controlling the prices. An excellent example of this kind of market is…
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