ECONOMICS 3

It refers to when a company and its product offerings dominate one sector or industry.

• Price Mechanism

• Monopoly

• Oligopoly

• Capital limitation

A market that sells goods directly to the consumers and not in a large amount.

• General Market

• Wholesale Market

• Public Market

• Retail Market

It is known to be a market for trade in large amounts of goods.

• Supermarket

• Wholesale Market

• Public Market

• Retail Market

It is known to be a set of all individuals and organizations that acquire goods and services that enter into the production of other products or services that are sol, rented, or supplied to others.

• Service Market

• Industrial Market

• Perfect Market

• Consumer Goods Market

It is a type of market that has real competition between buyers and sellers.

• Perfect Competition Market

• Imperfect Competition Market

• Free Entry and Exit Competition Market

• Public Market

A type of market where buyers and sellers have influence in setting price.

• Perfect Competition Market

• Imperfect Competition Market

• Public Market

• Free Entry and Exit Competition Market

It is known to be a economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for good or service.

• Demand

• Supply

• Economics

• Scarcity

Learning more about the benefits of milk makes people drink more milk. What type of consumers behaviour under determinant of demand.

• Price of the Goods

• Education and Advertisement

• Population

• Season Changes

In winter, there will be more demands for coats and blankets; in summer, the demand for drinks or ice will increase. What type of consumers behaviour under determinants of demands.

• Price of the Goods

• Education and Advertisement

• Population

• Season Changes

If peoples average income increase, the demand for certain products will change for a better living. What type of consumers behaviour that is under determinants of demands.

• Average Household Income

• Price of the Goods

• Education and Advertisements

• Production and Distribution