PPT - Meaning and Type of Markets (Part -1) CA Foundation Notes | EduRev

Business Economics for CA Foundation

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CA Foundation : PPT - Meaning and Type of Markets (Part -1) CA Foundation Notes | EduRev

 Page 1


Section C General Economics Chapter 4 Unit 1 
Ms.Prem J.Bhutani 
Page 2


Section C General Economics Chapter 4 Unit 1 
Ms.Prem J.Bhutani 
The meaning of market in economics 
Classification of market 
Types of market structure 
Concept of Total, Average and Marginal Cost 
Behavioral principles in Market 
Page 3


Section C General Economics Chapter 4 Unit 1 
Ms.Prem J.Bhutani 
The meaning of market in economics 
Classification of market 
Types of market structure 
Concept of Total, Average and Marginal Cost 
Behavioral principles in Market 
Market means 
• The place where buyers and sellers 
meet 
• Transfer of goods or services 
• Price plays an important role 
Page 4


Section C General Economics Chapter 4 Unit 1 
Ms.Prem J.Bhutani 
The meaning of market in economics 
Classification of market 
Types of market structure 
Concept of Total, Average and Marginal Cost 
Behavioral principles in Market 
Market means 
• The place where buyers and sellers 
meet 
• Transfer of goods or services 
• Price plays an important role 
Buyers and sellers 
A product or service 
Bargaining for a price 
Knowledge about market conditions 
One price for a product or service at a given time 
Page 5


Section C General Economics Chapter 4 Unit 1 
Ms.Prem J.Bhutani 
The meaning of market in economics 
Classification of market 
Types of market structure 
Concept of Total, Average and Marginal Cost 
Behavioral principles in Market 
Market means 
• The place where buyers and sellers 
meet 
• Transfer of goods or services 
• Price plays an important role 
Buyers and sellers 
A product or service 
Bargaining for a price 
Knowledge about market conditions 
One price for a product or service at a given time 
The classification is based on  
• Area 
• Time 
• Nature of transaction 
• Regulation 
• Volume of business  
• Position of sellers 
• Types of Competitions  
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