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  • Kuliah 4 - Market

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    Suastika 'wangse Oling'
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    The document defines markets and describes different types of markets. It discusses how markets function to organize production, determine prices, and distribute goods and services. The main types of markets mentioned are output markets, input markets, consumer markets, industrial markets, and commodity markets. It also describes market structures such as perfect competition, monopoly, oligopoly, and monophony. Key aspects of markets discussed include the number of buyers and sellers, goods/services, barriers to entry, and behaviors that influence prices and efficiency.

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    The document defines markets and describes different types of markets. It discusses how markets function to organize production, determine prices, and distribute goods and services. The main types of markets mentioned are output markets, input markets, consumer markets, industrial markets, and commodity markets. It also describes market structures such as perfect competition, monopoly, oligopoly, and monophony. Key aspects of markets discussed include the number of buyers and sellers, goods/services, barriers to entry, and behaviors that influence prices and efficiency.

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    © All Rights Reserved
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    5 views16 pages

    Kuliah 4 - Market

    Uploaded by

    Suastika 'wangse Oling'
    The document defines markets and describes different types of markets. It discusses how markets function to organize production, determine prices, and distribute goods and services. The main types of markets mentioned are output markets, input markets, consumer markets, industrial markets, and commodity markets. It also describes market structures such as perfect competition, monopoly, oligopoly, and monophony. Key aspects of markets discussed include the number of buyers and sellers, goods/services, barriers to entry, and behaviors that influence prices and efficiency.

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    © All Rights Reserved
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    of 16

    Markets

    Rini Novrianti Sutardjo Tui


    Market: Definition
    Buyer
    Seller
    Market: Function
    Organizing production
    Providing goods
    and service for
    the future
    Determining price
    Distributing goods and services
    Types of Market
    Output Market
    Input Market
    Consumer
    Market
    Industrial
    Market
    Commodity
    Market
    Invisible Market
    Business
    Transaction
    Seller
    Buyer
    Market
    Over
    telephone
    lines
    Online
    Via
    mails
    Output Market
    Competition
    Perfectly
    competitive
    Perfectly
    uncompetitive
    Time
    Daily
    Weekly
    Monthly
    Annually
    Form
    Abstract
    Concrete
    Market
    Area
    Local
    Regional
    National
    Internati
    onal
    Input Market
    Owner of
    production
    factors
    Company
    Input for producing
    goods or services
    Consumer Market
    Market
    Consumers
    interact
    with sellers
    to buy
    goods and
    services
    Sellers can
    be retailers
    Sellers can
    use other
    sales media
    Industrial Market
    Industrial Market
    Business
    organizations sell to
    other businesses
    Not a final consumer
    These other
    businesses use what
    theyve bought to
    make new products
    Functions
    Gathering
    info
    Trading
    place
    Managing
    trade
    Benefits
    For sellers:
    Easier to market or
    to sell
    For buyers:
    Easier to get or to
    buy
    For government:
    Providing foreign
    exchange
    Commodity Market
    Market: Rich and Poor Countries
    Commodities
    Market often have
    their centers in
    developed countries
    (UK, USA, Netherlands).
    Commodities
    themselves often
    originate in the developing
    world (Latin America,
    sub-Saharan Africa).
    Market: Structure
    The number of firms in the industry
    The nature of the product produced
    The degree of monopoly power of each firm has
    The degree to which the firm can influence price
    Firms behavior-pricing strategies, non-price
    competition, output levels
    The extent of barriers to entry
    The impact on efficiency
    Market: Monopoly
    One
    seller
    No
    substitution
    goods
    A lot of
    buyers
    High
    barrier
    to
    entry
    Monopoly
    by law
    Monopoly
    by nature
    Monopoly
    by license
    Market: Oligopoly
    Few
    sellers
    Policy
    of price
    Standar
    dized
    product
    Medium
    barrier
    to entry
    Capital
    intensive Oligopoly
    with
    cooperation
    Oligopoly
    without
    cooperation
    Market: Monophony
    One buyer
    No
    bargaining
    Thank You

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