Markets

The Concept of Markets

Contributors
Christian Bien Portrait_edited.jpg

Ben Whitten

Christian Bien Portrait_edited.jpg

Carys Brown

tutorial.png

one.png
What is a market?
Slide1.jpeg

A market is place where buyers and sellers can meet to exchange and trade goods and services. The key features of a market include: - Buyers (to create demand) and sellers (to meet demand with supply.) - A good, service or commodity to be bought and sold - The price of the commodity - Markets must be voluntary, therefore, people can choose whether to participate or not - A meeting arrangement for the trade to occur

two.png
Slide2.jpeg
Topic Menu
The Concept of Markets
Market Economies
Product and Factor Markets
Competitiveness in Markets

Want your ATAR notes to empower over 77,000 students per year?

Logo-New-Large.png

Join the Team.
Empower Education.

three.png

Sign Up for Free to Read More 

Get instant access to all content and subscribe to our weekly email list on study tips, opportunities and other free resources. 

It only takes a minute...

Slide3.jpeg
four.png
Slide4.jpeg
five.png
Slide5.jpeg
six.png
Slide6.jpeg
157-seven.png
Slide1.jpeg
156-eight.png
Slide8.jpeg