Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
P. 1


Ratings: (0)|Views: 282 |Likes:
Published by samrulezzz

More info:

Published by: samrulezzz on May 21, 2010
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less





7 & 8 ChapterCompetition
Dr. Gopalakrishna B.V.,Faculty in MBA,SDM, Mangalore
Meaning of Market
Market in general – mean particular placeor locality where goods are sold andpurchase.
In economics, the term market we do notmean any particular place/locality in whichgoods are bought and sold.
Buyers and sellers contact throughpersonal contact, exchange of letters,telegrams, telephones and e-mail etc.
For example trade between America andIndia.
Meaning of Market……
In the words of Cournot – market not any  particular market place in which things arebought and sold but the whole of any regionin which buyers and sellers are in such freeinteract with one another.
 Thus, essential of market are –
which is dealt withb)The existence of 
buyers and sellers
c)A place, be it a certain
region/country/world d)Price prevailing
for the commodity.

Activity (30)

You've already reviewed this. Edit your review.
1 hundred reads
pinkikiran liked this
Yashwant Misale liked this
seema_tt liked this
chkiran22 liked this
chkiran22 liked this
rm1313 liked this
kasim.tatic liked this
tge liked this
tge liked this

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->