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Market systems and trading - Coggle Diagram
Market systems and trading
Market :Market is the place where we sell and buy products.
Based on time
Very short time ex:Fish
Short time ex: Pulses
Long time ex:Toys
Based on Geo location
Regional:We get products from many places in India.Ex:Turmeric
National:We sell and buy product in India.Ex:Fruits,clothes
Local :We get products near by.Ex:Vegetables
International:We get products/services from outside India.Ex:Perfumes,chocolates
Based on competition
Monopoly:There will be only one seller and many buyers.Ex:Google,railways
Perfect market:There will be many sellers and buyers.The quality will be same and price will be little different.
Imperfect competition
Monopolistic:There will be many sellers and buyers.The quality will be different.
Oligopoly:There will be few sellers and there will be more buyers.Ex:Johnson products
Duopoly:There will be two sellers and many buyers.Ex:amazon,Flip kart
Trading:Buying and selling goods and services.
Foreign trade
Export trade:We sell to other countries.Ex:Rice,cotton,onions
Import trade:We purchase from other countries.Ex:Apples
Entrepot trade:We import and again export it.Ex:cocoa powder.
Home trade
Wholesale trade:Bulk of quantity
Retail trade:Small shops
