Forms of Markets / Market Structure
“Market structures” refer to the various characteristics of the market that determine the relationship between sellers, from sellers to buyers, and more. Several basic characteristics define the market structure, such as the following:
- The goods or goods sold and the degree of differentiation of production.
- Ease or difficulty in entering and exiting the market.
- Distribution of market share of the largest companies.
- Several companies in the market.
Perfect Competition : Functions, Features and Examples
In all competitive exams, the general studies section is a nightmare for all aspirants. Economics is one of the sub-topic of general studies. Here we will discuss “Various forms of markets – Perfect Competition”. This article will surely help one to understand the concept and give one an edge over other aspirants.