A market can be defined as a particular place where people meet to buy a sell regularly. Exampls of markets; Deido market.

There are different types of markets nototely;

• Perfect market
• Imperfect market

1. Perfect market : A perfect market is one in which the commodity is sold at the same price in different parts of hat same market.
2. Imperfect Market : An imperfect market exist in a situation where the same commodity is sold at different prices in different ports of the same market.                                                                                                                       In real life situation markets tend to be imperfect.