Main Forms Of Market — Concept Maps
ICSE · Class 12 · Economics
4 concept maps of Main Forms Of Market for ICSE Class 12 Economics, each also written out as a text outline. Part of the ICSE Class 12 Economics syllabus.
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Forms of Market Structure – Overview
The map in words
- Market Forms
- Perfect Competition
- Large Number of Sellers
- Homogeneous Products
- Free Entry and Exit
- Price Taker
- Horizontal Demand Curve
- Monopoly
- Single Seller
- No Close Substitutes
- Entry Barriers
- Price Maker
- Downward Sloping Demand
- Price Discrimination
- Monopolistic Competition
- Large Number of Sellers
- Product Differentiation
- Free Entry and Exit
- Selling Costs
- Non Price Competition
- Partial Price Control
- Oligopoly
- Few Large Firms
- Interdependence
- Price Rigidity
- High Entry Barriers
- Non Price Competition
- Indeterminate Demand
- Monopsony
- Single Buyer
- Controls Demand
- Barriers to Entry
- Examples Walmart
- Perfect Competition
Market Structure Hierarchy and Characteristics
The map in words
- Market Structures
- Perfect Competition
- Many sellers
- Homogeneous product
- Price taker
- Free entry exit
- Normal profits long run
- Monopoly
- Single seller
- No substitutes
- Price maker
- Entry barriers
- Abnormal profits
- Monopolistic Competition
- Many sellers
- Differentiated product
- Some price control
- Free entry exit
- Normal profits long run
- Oligopoly
- Few sellers
- Few or differentiated
- Limited price control
- Entry barriers
- Interdependence
- Monopsony
- Single buyer
- Many sellers
- Buyer power
- Entry barriers
- Price influence
- Perfect Competition
Market Structures Overview - Comprehensive Mind Map
The map in words
- Market Structures
- Perfect Competition
- Many sellers
- Homogeneous products
- Free entry exit
- Perfect knowledge
- Price taker
- Horizontal demand
- Examples: Wheat Rice
- Monopoly
- Single seller
- No substitutes
- Barriers to entry
- Price maker
- Downward sloping demand
- Abnormal profits LR
- Examples: Railways
- Monopolistic Competition
- Many sellers
- Differentiated products
- Free entry exit
- Partial price control
- Non-price competition
- Downward sloping demand
- Examples: Toothpaste Soap
- Oligopoly
- Few large sellers
- Interdependence
- Product may vary
- High entry barriers
- Price rigidity
- Non-price competition
- Examples: Cars Telecom
- Monopsony
- Single buyer
- Barriers to entry
- Price control demand side
- Exploits suppliers
- Examples: Walmart
- Perfect Competition
Market Structure in Economics
The map in words
- Market Structure in Economics
- Meaning of Market
- Forms of Market Structure
- Perfect Competition
- Pure Competition
- Monopoly
- Monopolistic Competition
- Oligopoly
- Duopoly
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