Forms of Market

Classification of Market and Perfect Competition

Introduction Market is an institution in which exchange of both goods and services takes place as a result of direct and indirect interaction between buyers and sellers. The main determinants of Market are: nature of commodity, number of buyers and sellers, knowledge of market and mobility of fac .... Read More

Imperfect Competition

ntroduction Imperfect competitive market refers to a market structure where at least one agent among buyers and sellers, has the power to affect the equilibrium price and quantity. The four different types of imperfect competitive markets are monopoly, monopolistic competition, oligopoly and monops .... Read More