Question

Explanation of market structure under element of economic environment

Answer 1

Heya.....

Market structure according to economic environment means...

@@ The conditions of economy as like boom or recession creates the possibilities of demand and supply in the market that r the basic elements of market structure ....

** If the economic structure r boom mean high purchasing power then structural market is perfect and vice versa...

Answer 2

Market structure refers to the nature and degree of competition in the market for goods and services. The structures of market both for goods market and service (factor) market are determined by the nature of competition prevailing in a particular market.