Submitted by: Nina Bayle

Aira A. Cruz
Marisol S. Prima

BSBA-A11
Submitted to: Jennelyn Gaviola
MARKET INTEGRATION
• The economy is composed of people. It is the social institution
that organizes all production, consumption, and trade of goods
in the society.

• Market integration occurs when prices among different

locations or related goods follow similar patterns over a long
period of time.

• Thus market integration is an indicator that explains how

much different markets are related to each other.
 THREE
SECTORS
 MINING
(coal,iron)

MINERAL AGRICULTURE
EXTRACTION (oil) (crops/livestock)

PRIMARY
SECTOR

FORESTRY FISHING
SECONDARY SECTOR
TERTIARY SECTOR
 HISTORY OF GLOBAL MARKET
INTEGRATION
• People only produced for the family.
• Transportation change
• Network upgraded
• Technology advance
• Infrastructure improved
• 1-3. Give the three sectors and give at least one example each.
•
4. It occurs when prices among different locations or related goods follow similar patterns over a long
period of time.
•
5. Agriculture, Industrial and Service where they belong?
•
6-10. What is your point of view about MARKET INTEGRATION?
• Answer:
1. Primary Sector- (Mining,Fishing,Forestry,Mineral Extraction, Agriculture)
2. Secondary Sector- (Plant, Machine)
3.Tertiary Sector- (Restaurant, Bus, Airplane, Call Center)
4. Market Integration
5. Three Sectors