MARKET Meaning “Originally”. says a market was a public place in a town where provisions and other objects were expunged for sale; but the word has been generalised so as to mean all.’ bloody persons wlu) an’ in intimate relaxations carry Oil...

Monopoly

Monopoly When there is monopoly, a single producer or seller controls the entire market. There are no substitutes for his product. He controls the entire supply and he can fix the price. He is the finn and he also constitutes the industry. It is a one-firm industry....

Pure Competition

Pure Competition Pure competition is said to exist when the following conditions are fulfilled (i) Large Number IJf Buyers and Sellers. One condition of pure competition is that there should be operating in the market a large number of buyers and sellers. If that is...

MARKET FORMS OR MARKET STRUCTURES

MARKET FORMS OR MARKET STRUCTURES The type of market depends on the degree of competition prevailing in the market. Broadly speaking, there arc two types of competition prevailing in the markets: (i) Perfect competition and (ii) Imperfect competition....

She of lite Market

She of lite Market In the case of some commodities, the market is try wide covering the whole country or even the whole world, whereas in certain other cases. the size of the market is very limited covering a small village, The size of the market depends upon several...