Question

1. What is a market ? Whate are its types ?​

Answer 1

Hola

A market is a place where two parties can gather to facilitate the exchange of goods and services.

The five major market system types are Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Monopsony.

Answer 2

Physical Markets - Physical market is a set up where buyers can physically meet the sellers and purchase the desired merchandise from them in exchange of money. Financial Market - Market dealing with the exchange of liquid assets (money) is called a financial market.