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    Market Transaction

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    newsipagfarmersagricoop1
    A market is a place or medium where buyers and sellers interact to exchange goods and services through transactions. There are different types of markets including physical markets where buyers and sellers meet in person, non-physical or virtual markets where transactions occur online, and financial markets where assets are exchanged such as stock markets, bond markets, and foreign exchange markets. Market structure refers to the characteristics of a market in terms of the number of buyers and sellers, barriers to entry, pricing controls, and product types. Common market structures include perfect competition, monopoly, monopolistic competition, and oligopoly.

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    Market Transaction

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    newsipagfarmersagricoop1
    21 views3 pages
    A market is a place or medium where buyers and sellers interact to exchange goods and services through transactions. There are different types of markets including physical markets where buyers and sellers meet in person, non-physical or virtual markets where transactions occur online, and financial markets where assets are exchanged such as stock markets, bond markets, and foreign exchange markets. Market structure refers to the characteristics of a market in terms of the number of buyers and sellers, barriers to entry, pricing controls, and product types. Common market structures include perfect competition, monopoly, monopolistic competition, and oligopoly.

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    a research on market transaction details

    Original Title

    MARKET TRANSACTION

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    A market is a place or medium where buyers and sellers interact to exchange goods and services through transactions. There are different types of markets including physical markets where buyers and sellers meet in person, non-physical or virtual markets where transactions occur online, and financial markets where assets are exchanged such as stock markets, bond markets, and foreign exchange markets. Market structure refers to the characteristics of a market in terms of the number of buyers and sellers, barriers to entry, pricing controls, and product types. Common market structures include perfect competition, monopoly, monopolistic competition, and oligopoly.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views3 pages

    Market Transaction

    Uploaded by

    newsipagfarmersagricoop1
    A market is a place or medium where buyers and sellers interact to exchange goods and services through transactions. There are different types of markets including physical markets where buyers and sellers meet in person, non-physical or virtual markets where transactions occur online, and financial markets where assets are exchanged such as stock markets, bond markets, and foreign exchange markets. Market structure refers to the characteristics of a market in terms of the number of buyers and sellers, barriers to entry, pricing controls, and product types. Common market structures include perfect competition, monopoly, monopolistic competition, and oligopoly.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 3

    MARKET.

    TRANSACTION
    A market is a place or medium in which buyers and sellers interact to transact economic goods
    and services.

    Market transaction- is the exchange of goods and services through a market,


    where by buyers and sellers agreed on the price and quantity of goods and
    services to be bought and sold in a specific place and time.

    Market structure- is the classification of a market with regard to key


    characteristics such as number of sellers and buyers, entry barriers to the market,
    the control and determinant of pricing, and types of products in the market.

    Pure Competion Market- a market structure characterized by a large number


    of sellers and buyers, products are homogenous, and there is a complete freedom
    of entry and exit of marker players.

    Monopoly- a market structure characterized by a single seller of a well-defined


    product for which there is no available substitutes and high barriers of entry of
    other market players.

    Monopolistic Competition- market structure characterized by a large number


    of independent sellers, each producing a differentiated product in a market with a
    low barrier to entry of other players.

    Oligopoly- a market in which only a few number of sellers comprise the entire
    industry with a relatively large number of buyers there by sellers has the power
    over the price of products.

    Manopsony- is market in which there is only one buyer.


    TYPES OF MARKET

    Physical Market
    This is a set up where buyers can physically meet the sellers and purchase the
    desired merchandise from them in exchange of money. Shopping malls,
    department stores, retail store are examples of physical markets.

    Non-Physical Markets/Virtual markets


    In such markets, buyers purchase goods and services through internet. In such a
    market the buyers and sellers do not meet or interact physically, instead the
    transaction is done through internet.
    Examples: Rediff shopping, eBay, Amazon

    Auction Market
    In an auction market the seller sells his goods to one who is the highest bidder.
    Market for intermediate goods such markets sell raw materials (goods) required
    for the final production of other goods.

    Black Market
    This is a setup where illegal goods like drugs and weapons are sold.

    Knowledge Market
    This is a set up which deals in the exchange of information and knowledge based
    products.
    Financial Market
    This market deals with the exchange of liquid assets (money).
    Financial markets can be firther categorized following types:

    Stock Market- A form of market where sellers and buyers exchange shares is
    called a stock market.

    Bond Market- A market place where buyers and sellers are engaged in the
    exchange of debt securities, usually in the form of bonds.

    Foreign Exchange Market- In such type of market, parties are involved in


    trading of currency. In a foreign exchange market (also called currency market),
    one party exchanges one country’s currency with equivalent quantity of another
    currency.

    Predictive Markets- Puredictive market is a set up where exchange of good or


    service takes place for future.

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