Economics G9

A place for buying and selling goods or services.

• Household

• Market

• School

Types of Market

• Seller Characteristics

• Demand

• Goods and Services

• Competition

• Shared and stocks

Seller characterics where a market does not selling directly to the consumer. Also refer to selling of large quantities of goods. (SUPPLIER ➡️ RETAILER ➡️ CONSUMER/BUYER)

• Retail Market

• Monopolistic

• Wholesale Market

Seller Characteristics where a market sells products to consumer directly. Also refers to selling small quantity of goods. (RETAILER ➡️ CONSUMER)

• Wholesale Market

• Service Market

• Retail Market

Goods and Services which sells raw materials to producers or service providers, to also create another new product.

• Wholesale Market

• Service Market

• Producer's Market

Goods and Services that provides services but doesn't sell products. Intangible products, being paid for their services.

• Service Market

• Consumer Market

• Retail Market

Goods and services where they buy and sell and exchange money.

• Monopolistic

• Financial Market

• Consumer Market

Goods and services that sells products directly to the consumer. PRODUCTS ➡️ CONSUMER

• Consumer Market

• Financial Market

• Wholesale Market

2 Types of Competition

• Perfect Competitive Market

• Oligopoly

• Imperfect Competitive Market

• Monopolistic Competitive Market

Type of competition where the market price cannot controlled by the producers.

• Imperfect Competitive Market

• Monopolistic Market

• Perfect Competitive Market