History, asked by srikar65641, 1 year ago

Define the market and the different kinds of market

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Answered by smartykiller
8
Definition: A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. ... The value, cost and price of items traded are as per forces of supply and demand in a market.

There are four basic types of market structures: perfect competition, imperfect competition, oligopoly, and monopoly.

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Answered by kush193874
4

market is a set up where buyers can physically meet the sellers and purchase the desired merchandise from them in exchange of money. Market for Intermediate Goods - Such markets sell raw materials (goods) required for the final production of other goods. ...

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