what is Market . definition and explanation.
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Answer / puneet
market is consumer. a consumer mainly constitute a market.
although there are both sellers and buyers or consumers but
the main ingredient is consumer. Without consumer what does
buyer do in market ?
MARKET IS ALL ABOUT CONSUMER
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Answer / biswadeep
A market is a place where there are buyers and sellers, both of whom are have only a single product or service of interest. Depending on the demand and supply from the buyers and sellers respectively, prices get decided and the exchange of goods or services takes place.
Depending on the no of players, the various markets are:-
1) one seller many buyers- Monopoly
2) many sellers and many buyers- open market
3) few significant sellers and many buyers- oligopoly or cartels
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Answer / rajiv kumar
MARKET IS THE PLACE WHERE MANY SMALL AND BIG ORGANISATIONS
INVEST MONEY FOR THIER EARNINGS BY SELLING THIER PRODUCTS
TO CONSUMERS.
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