MARKET TYPES

MARKET TYPES

1. Market types refer to the different ways in which markets can be classified. markets according to different variables.

   • TYPES OF MARKET DEPENDING PRODUCT
     • product market consumption
       • represents the market where products aimed at satisfying a need for consumption, this implies that they are products that are used to fill a need, but after the need is met the product disappears
     • Market of products of use or investment
       • Also called investment goods or capital goods they exchange products that are used to cover a need, but after covering it, the good is not extinguished, but remains.
     • product market industrial
       • includes all products used as input or raw material to be able to produce other goods or services.
     • Market of services
       • covers the marketing of products called services, in which the consumer cannot acquire ownership of the well, either because it only buys the benefit from service
     • markets financial
       • Financial markets are a physical space or virtual, through which assets are exchanged between different economic agents whose transactions define the prices of these assets.
   • Market types depending on the buyers
     • Dealer Market
       • All companies included in this market who buy products not to consume them, but to resell them at a higher price than they bought it and thus obtain profits
     • Buyers market industrial
       • formed by all the companies that buy productive resources to carry out its production process. It may be a company that buys leather to produce shoes, bags, belts, among others.
     • Buyers market government
       • Encompasses all government institutions that buy goods and services to provide services such as health, or that will be used to public investment like the asphalt that is used in road infrastructure.
     • Market of consumers
       • represents all buyers looking for acquire the goods and services that are sold in the market to be used to satisfy a need, that's why they are called consumers because they are the ones who use and consume the products.
     • Work market
       • The labor market is one where supply and demand converge job. The job offer is made up by the group of workers who are willing to work and the demand for work for the group of companies or employers who hire workers.
   • Market types depending on the competence
     • competition market perfect
       • characterized by the fact that there is an infinite number of competitors Therefore, neither has the power to set prices within the market and practically all products are the same, for For this reason, perfect competition only exists theoretically. but not practice.
     • competition market imperfect
       • refers to different situations that we find in the which some approach perfect competition and others to a total absence of competition. In others words, imperfect competition is every situation which lies between perfect competition and pure monopoly.
     • Monopoly market pure
       • It's called a pure monopoly market. when strictly one company provides goods and services that are sold in a market, so Therefore, that company has control total on the price conditions and quality of these products.
   • Types of market depending on the geographical area covered
     • Market local
       • a local market is one that serves an area reduced from the market such as a province or a city, a pharmacy that is located in a neighborhood or in a shopping center of a city could serve as an example of this type of market.
     • Market national
       • characterized in that it encompasses and covers an entire country, extends all cities, departments, provinces or municipalities that make up a country. For example, we could mention a string of supermarkets serving consumers across a nation.
     • Regional market
       • Consequently, when talking about the regional market, the area that attends is not limited to certain political limits; in this case we can talk about a market that covers the northern or southern region of a country. But also a group of countries such as the Central American region, that is the market region served can be narrow or wide
     • Market international
       • It is made up of a group of buyers who may be from different countries, these generally are markets served by companies multinational or transnational.
     • overall market
       • It refers to a market that extends to all the countries of the world, therefore, goods and services are produced or only traded in any country in the world. It can be said that the global market is the largest and most extensive that exists.