Market and its functions What is a Market? A market


Economic Markets and Physical Markets



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Rahmatullayev Abror Progress Assignment 3 201220101544

Economic Markets and Physical Markets

1. What are the famous types of markets? Can you name them?



The five major market system types are Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Monopsony

2. What is the difference between Economic Market and Physical Market?



Markets vary widely for a number of reasons, including the kinds of products sold, location, duration, size, and constituency of the customer base, size, legality, and many other factors. Aside from the two most common markets—physical and virtual—there are other kinds of markets where parties can gather to execute their transactions

3. What kind of Market is called “Available Market”?



market can be called the 'available market' - that of all the people in the area. Within the available market, there is the 'market minimum'- or the market size, which will buy goods without any marketing effort. This is the lowest sale that a company could get without any action on its part.

4. What is the difference between Market Minimum and Market Potential?



Within the available market, there is the 'market minimum'- or the market size, which will buy goods without any marketing effort. ... The market potential is therefore the upper limit for a marketplace and sales

5. What are the types of Market-Based on Geo Location? Can you name?

Location based marketing tools


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