D1 Business Markets

Unit 1 Exploring Business
D1 Different market structures

Aim: To consider different types of Market and their impacts on businesses

​Objectives: By the end of the session you should have:

• Recognised the different between Perfect Competition and Imperfect Competition

• Considered the features of different markets e.g. Market structures, number of firms, freedom of entry and nature of product
  
  
  
  

Word Cloud

Think of a word associated with a market

What is a market?

• A market is a place where buyers and sellers meet in order to exchange a product or service for money

• A market can be physical such as a shop or market stall

• Or it could not have a physical existence, such as e-bay

• Some markets are more competitive than others