Four basic types of market structure are (1) Perfect competition: many buyers and sellers, none being able to influence prices. (2) Oligopoly: several large sellers who have some control over the prices. (4) Monopsony: single buyer with considerable control over demand and prices.

MARKET - Market is a place where we buy different types of products like fruit, vegetables, toy etc.
There are different types of market are :
1.Weekly market
2.Wholesale market
3.Neighbourhood market
4.Mall etc.

Market and Its Types

A market refers to a place where buyers and sellers come together to carry out transactions of goods and services. It is where the exchange of products or services takes place between buyers and sellers. Markets can be physical, like a local market or online, like e-commerce platforms.

Types of Markets

- Physical Markets: These are traditional markets where buyers and sellers physically meet to carry out transactions. Examples include local markets, flea markets, and shopping malls.

- Online Markets: These are virtual markets where transactions are conducted over the internet. Online markets have become increasingly popular due to the convenience and accessibility they offer. Examples include e-commerce websites like Amazon, Flipkart, and eBay.

- Consumer Markets: These markets consist of individual customers who purchase goods and services for personal use. Businesses target consumer markets to sell products like clothing, electronics, and food items.

- Business Markets: These markets involve transactions between businesses. Companies purchase goods and services to use in their operations or to resell. Examples include raw materials, machinery, and office supplies.

- Global Markets: These markets involve transactions that cross international borders. With globalization, businesses can access a wider customer base and source products from different countries.

- Financial Markets: These markets deal with the buying and selling of financial instruments like stocks, bonds, and currencies. Financial markets play a crucial role in the economy by facilitating capital formation and investment.

Understanding the different types of markets helps businesses identify their target audience and develop effective marketing strategies to reach them.