Market Structure

Market structure- Basically when we hear the world market we think of a place where good are bought and sold.
Economics market is a place where buyer and seller are changing good and services with the following consideration such as :
• Types of good and services being treated
• The number and size of buyer and seller in the market
• The degree to which information can flow freely

TWO TYPES OF MARKET STRUCTURE
• Perfect market
• Imperfect market

Perfect market - perfect market is a market situation which consists of a very large number of buyers and sellers offering a homogeneous product. Underset condition no firm can affect the market price. Price is determined through market  demand and supply of the particular product since no single buyer or seller has any control over the price

Imperfect market- in Economics theory, imperfect competition is a type of market structure showing some but not all feature of competitive market.