Types of Market

A market can be divided on the basis of region (local, state and national market), period (very short period, short period and long period market) and competition. On the basis of competition there can be following types of market:

  1. Bilateral Monopoly. One buyer and one seller exist in the market.
  2. Pure Monopoly. One buyer and many sellers.
  3. Pure Monopoly. One seller and many buyers. Two sellers and many buyers.A few sellers and many buyers.
  4. Monopolistic composition. Many buyers and many sellers’ produce producing differentiated products.
  5. Perfect competition. Many buyers and sellers. Producers producing homogeneous or identical goods.
  6. Imperfect competition. When competition is not complete and perfect due to one reason or the other, the market will be imperfect competitive market. All other types of market excluding perfect competition come under it. This market is wider than monopolistic competition.


2 thoughts on “Types of Market”

  1. My spouse and i felt more than happy John could round up his studies via the ideas he had through your blog. It’s not at all simplistic to simply find yourself giving out tactics which some people may have been selling. And we all keep in mind we have got the website owner to be grateful to for that. Those explanations you have made, the simple web site navigation, the relationships your site aid to promote – it’s most incredible, and it’s facilitating our son and our family believe that the concept is satisfying, which is exceedingly indispensable. Many thanks for the whole lot!

  2. I wanted to write you this little note to be able to thank you so much the moment again just for the unique advice you have contributed in this case. It is simply remarkably generous of people like you giving without restraint what exactly many people might have made available as an electronic book to help with making some dough for their own end, most importantly considering the fact that you might have done it in the event you desired. The tactics in addition served to become a good way to realize that other individuals have the same fervor really like mine to know the truth much more on the subject of this issue. I’m certain there are many more pleasant opportunities up front for folks who start reading your site.

Leave a Reply

Your email address will not be published. Required fields are marked *