MARKET TYPES

MARKET TYPES

1. Service Market: This market covers the commercialization of products called services, in which the consumer cannot acquire ownership of the good, either because he only buys the provision of the service; for example, if you use a public telephone to communicate. It can also be the case because a service is received in an intangible way, as in the case of educational services.

2. Financial markets: Financial markets are a physical or virtual space, through which financial assets are exchanged between different economic agents whose transactions define the prices of said assets.

3. Consumer Products: Market products aimed at satisfying a consumer need. This implies that they are products that are used to cover a need, but after the need is resolved, the product disappears.

4. Industrial products market: The industrial products market includes all the products that are used as input or raw material to be able to produce other goods or services. This may be the case for a product such as steel that can be used to produce airplanes or automobiles.

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