SS2 ECONOMICS LESSON 3 MARKET STRUCTURE MARKET: Any arrangement where buyers come in contact with sellers for exchange of goods and services. FORMS OF MARKET 1. Factor Market: Market for buying and selling productive resources. Ex. Machines, capital 2. Capital Market: Market where medium and long term loans are sold. 3. Money Market: For selling and buying short term securities. 4. Forex Market: For buying and selling foreign currencies. Market Structure is an organizational characteristic of a market that which affect the firm’s pricing and nature of competition. Market Share is a portion of a whole market controlled by a particular firm’s product. TYPES OF MARKET STRUCTURE There are 2 major divisions of the types. a. Perfect market b. Imperfect market. 1. Monopoly 2. Oligopoly 3. Monopolistic Competition 4. Perfec...