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CITIZENSHIP From 5 Art

CHAPTER 1: RELATIONSHIP BETWEEN ECONOMIC GROWTH AND DEVELOPMENT

IV. MARKET

MARKET

It is a particular place where people meat regularly. It can also be defined as an area or a place where buyers and sellers came in contact. For instance the Bamenda market, the Douala market, the Bafoussam market.

 

TYPES OF MARKET

Perfect market and imperfect market

 

  • Perfect market

Is one in which the same commodity is sold at the same prices in different parts of that same market.

 

  • Imperfect market

Exist in a situation where the same commodity is not same prices in the same market.

 

par Claude Foumtum