ZuoTi.Pro
Question

1. Define the different markets and link them to the components. 2. For each market, explain...


1. Define the different markets and link them to the components.

2. For each market, explain which component is a buyer or a seller. ( For instance, in the labor market, household are sellers whereas firms, the government, and outsiders are buyers because household sell their know how and skills to all of them.
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

There are two types of Markets-
Economic and Physical markets.
Markets included under Economic market are as follows-
Financial, Agricultural,Media,Real estate market.
Components of Financial markets-1.Equity market,Stock market, Foreign exchange market.
Components of Agricultural market-
Local, Primary and Secondary market
Components of Media Market-
Print media,News Media,Cinema and Television
Components of Real Estate market-
Residential, Commercial and Industrial market
And under Physical market-
1.Grocery stores
2.Fish market
3.Flea market
4.Floating market.

Under Financial market- Government and Private owners are sellers and households are buyers
Under Agricultural market- Household are sellers and Government and Producers are buyers
Under Real estate- Household are buyers and government as well household are sellers.
Media Market- Both Households and government vare sellers and household are buyers

0 0
Add a comment
Know the answer?
Add Answer to:
1. Define the different markets and link them to the components. 2. For each market, explain...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Define the different market arenas (labor market, goods and services market, and money market) and link...

    Define the different market arenas (labor market, goods and services market, and money market) and link them to the four macroeconomics components (households, firms, government, and outsiders). For each market, explain which component is a buyer or a seller. (For instance: in the labor market, households are sellers. Whereas firms, the government, and outsiders are buyers, because households sell their know-how and skills to all of them.)

  • 1. Markets and competition In a perfectly competitive market, all producers sell goods or services. Additionally,...

    1. Markets and competition In a perfectly competitive market, all producers sell goods or services. Additionally, there are buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price True or False: The market for public utilities, such as gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets. True False 1. Markets and competition market. In such markets, Identical products, are characteristics of a as well as...

  • 1. Markets and competition In a perfectly competitive market, all producers sell Because of these two...

    1. Markets and competition In a perfectly competitive market, all producers sell Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price goods or services. Additionally, there are buyers and sellers. True or False: The market for public utilities, like gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets. O True O False identical very different few many We were unable to transcribe this image

  • 1. In a competitive market, the quantity of a product produced and the price of the...

    1. In a competitive market, the quantity of a product produced and the price of the product are determined by a. buyers. b. sellers. c. both buyers and sellers. d. None of the above is correct. 2. Which of the following statements is correct? a. Buyers determine supply and sellers determine demand. b. Buyers determine demand and sellers determine supply. c. Buyers determine both demand and supply d. Sellers determine both demand and supply 3. The demand for a good...

  • Match each term with the correct definition. a, An institution that brings buyers and sellers together:...

    Match each term with the correct definition. a, An institution that brings buyers and sellers together: |(Click to select) b. The right of private persons and firms to obtain, control, employ, dispose of, and bequeath land, capital, and other property: (Click to select c. The presence in a market of independent buyers and sellers who compete with one another and who are free to enter and exit the market as they each see fit (Click to select) d. The freedom...

  • Part 1. What was the equilibrium price in this market before the tax? What is the amount of the tax? How much of the t...

    Part 1. What was the equilibrium price in this market before the tax? What is the amount of the tax? How much of the tax will the buyers pay? How much of the tax will the sellers pay? How much will the buyer pay for the product after the tax is imposed? How much will the seller receive after the tax is imposed? As a result of the tax, what has happened to the level of output? Calculate the economic...

  • 1. The four market structures are and firms are producing a firms are produc 2. Perfect...

    1. The four market structures are and firms are producing a firms are produc 2. Perfect competition is a market structure in which - - product and entry is 3. Monopolistic competition is a market structure in which ing a product and entry is 4. Oligopoly is a market structure in which product and entry is - 5. Monopoly is a market structure in which firms are producing a firm supplies a product and entry 6. Oligopoly is the only...

  • 1. Characteristics of competitive markets The model of perfectly competitive markets relies on these four core...

    1. Characteristics of competitive markets The model of perfectly competitive markets relies on these four core assumptions: 1. There must be numerous small firms and customers-each player's actions have no effect on price and, thus, trade associations and collusive agreements are not possible. 2. Firms must produce a homogenous product-buyers must regard all sellers' products as equivalent. 3. Firms and resources must be fully mobile, allowing for free entry into and exit from the industry. 4. Each firm and each...

  • Are predictions using the supply-and-demand model likely to be reliable in each of the following markets?...

    Are predictions using the supply-and-demand model likely to be reliable in each of the following markets? Why or why not? Predictions using the supply-and-demand model for the apple market are likely A. not reliable because consumers have full information about apple prices. B. reliable because apple farmers sell differentiated products. C. reliable because the market for apples has many farmers and consumers. D. not reliable because apples have no transaction costs E. not reliable because the cost of trading apples...

  • 1. In a perfectly competitive market, ________. a. Group of answer choices b. bargaining over prices is a common phenome...

    1. In a perfectly competitive market, ________. a. Group of answer choices b. bargaining over prices is a common phenomenon c. there are restrictions on the entry of new firms d. sellers produce identical goods e. each seller charges a different price for its product 2. John is a tomato farmer and sells his crops in a perfectly competitive market at the price of $1 per pound. John wants to increase his farm revenue, ________. a. so he would need...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT