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Answer Posted / deepika
Market Types most commonly prevailing in the World Economy
are Consumer market, Industrial Market, Stock market, Real
estate market, Food market, Commodity Market, Financial
Market and others.
Market is the social arrangement where exchange of goods
and services takes place among the buyers and the sellers.
According to absolute terms of Economics, main Market Types
are Perfect Competition, Monopoly, Monopolistic Competition
and Oligopoly. But in general, we can find varying types of
markets. This is because, whenever a group of person has
preference for a good or service that another group of
person can supply, a new market emerges.
Among various types of market, Consumer Market is the
market of product and services which individuals buy for
their personal use. The products of Consumer market are the
FMCGs( Fast Moving Consumer Goods), which are high volume
but have low unit value; Consumer Durables, which have low
volume but high unit value and the Services for personal
care.
Industrial market is the market of products and services
which are exchanged between businesses. The products which
are exchanged in the Industrial market are Finished Goods,
Raw Materials and Services such as legal services,
accounting services and security services. But the most
important fact about markets is that whatever is the market
type, all markets are more or less volatile at some or
other point of time and this volatility is very much
important for the markets. Due to the volatility of the
markets the upward and downward trends emerge which gives
rise to good opportunities
| Is This Answer Correct ? | 66 Yes | 25 No |
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