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Markets and competition - Coggle Diagram
Markets and competition
Two sides of the market
Buyers
Sellers
Demand
Supply
Market transaction
Capital goods
Consumer goods
Communication
In person
Letter
Email
Agents
Monopoly
One seller
Natural monopolies
Important goods and services
Geographical or geological circumstance
Legal monopolies
Sole trading opportunities
Obtaining complete control
Cornering the market
Anti-trust laws
Arrangement, mergers, takeovers, acquisition
Competition
Basic questions
Producers
Highest profits
Consumers
Highest profits at low prices
Three basic resources
Perfect market
Easy communications
Butters and sellers are numerous
Completely free competition
One price
Unrestricted competition
Features of real market
Special conditions
Prices fluctuations
Currents supply and demand
Labour market
Contestant changes
Producers
Best workers for the lower wages
Workers
Best jobs at the highest wages
Studying the statistics
New skills