MARKET

MARKET

Market is a process by which price of good and services are
established.
Market has two types. 1. financial market 2. prediction market
For competition in market there should be more than one buyer
or seller.




Financial markets facilitate the exchange of liquid assets.
Prediction markets
Prediction markets are a type of speculative market in which the goods
exchanged are futures on the occurrence of certain events. They apply the
market dynamics to facilitate information aggregation.

MARKET

PERFECT COMPETITON
IMPERFECT COMPETITON: It
has three types
a) Monopoly
b) Monpolistic
c) Oligopoly