Market is one among several other types of systems, social relations or institutions whereby, people engage themselves in various forms of exchange activities.
Usually the majority of the marketers tend to rely on sellers, who offer goods or services in exchange of money from the customers, while some of them might also prefer exchanging goods or services with the aid of barter system. In short, market is a place or the process whereby goods prices and services are settled.
In the case of competitive markets, it is mandatory to have multiple buyers. Even though trade relationships might exist between two persons, it is mandatory to have minimum three persons, so as to have a competition, in both sides. For creating higher competitive markets as according to the formal economic theory, there must be several numbers of buyers and sellers as well. If there is a single seller, with multiple buyers, it is called monopoly. Under such circumstances, it is practically not possible to have a healthy competition.
There are numerous text books available on market, if you are eager to increase your knowledge:
Markets may vary in size, scale, location, form as well as the nature of participants or the goods to be exchanged.
Example 1: Wholesale Markets:
Traditionally, production and consumption of goods are separated spatially. The goods reach the end users, following a series of process after production; assembling, packing, distribution and a lot more. Wholesale markets are the places, where the linkage between the producers and retailers tend to occur, by the aid of several methods of transaction.
Example 2: Retail Markets:
The retail markets refer to local markets, street markets, shopping centers and all forms of public market places.
Example 3: Non-Physical Markets, Electronic Commerce:
Electronic Commerce or e-commerce refers to the virtual market place, whereby exchange of goods take place online, by the aid of internet and online transactions. These days, e-commerce have gained widespread popularity all across the globe.
Even though the basic function of market has remained same; evaluation of any item to be traded and priced, with the booming of e-commerce, the traditional concept of market has been altered significantly. This had major influence on economics, giving birth to endless new theories and models, pertaining to virtual market supply and demand. Thus, there is no need to feel skeptic with your essays or writings concerning markets.
With the aid of the online subject experts, you can successfully get your economic assignments, essays, dissertations of thesis paper done in little time, which will evidently elevate your grades, and make the key concepts understandable for you.
The most difficult part of the student's assignments is to deliver the essays, dissertation or thesis within their deadline. However, at times the students face several other problems while working on their educational assignments, which includes lack of proper writing skills, clashing of schedules, etc., which might restrict them from getting a good grade. For the students residing across UK, USA or Australia, MyAssignmenthep.com have employed some of the best academic researchers and certified writers to help the students with their research papers, custom essays or dissertations.
MS in Statistics...
I am skilled in creative writing to craft any kind of assignment especially essays, thesis and dissertations of any kind...
360 Completed Orders
45 Student Reviews
I took a MBA degre...
Along with an in-depth knowledge in marketing I am also skilled in composing assignments especially case studies with pr...
300 Completed Orders
51 Student Reviews
Masters in Account...
I am thorough with the changing financial scenario in US and the factors behind it. I am also updated with the changing ...
250 Completed Orders
34 Student Reviews
MS in Biology...
I am skilled to do research to find proper content for research papers, thesis and dissertation. I give only verified co...
200 Completed Orders
56 Student Reviews
MS in Computer Sci...
I boast excellent observation and analysis skills. I am excellently thorough with the subject knowing all the aspects, a...
400 Completed Orders
42 Student Reviews
Msc in Nursing fro...
I am in this field for 15 years, which helps me come up with unique topics and cases for students’ papers. I have comp...
400 Completed Orders
125 Student Reviews
M.sc in Electronic...
Allotting responsibilities and giving directions on achieving the targets within the team. Excellent research and creati...
350 Completed Orders
45 Student Reviews