Buyers

August 25, 2024 3 min read Definitions

Generic Market: Broad Group of Buyers with General Needs

Economics Marketing Generic Market Buyers Sellers Needs Market Types

Comprehensive explanation of a generic market, covering its definition, types, characteristics, examples, historical context, and related terms in Economics and Marketing.

August 25, 2024 3 min read Definitions

Oligopsony: Market Structure with Few Buyers

Economics Market Structures Oligopsony Market Power Buyers Economic Structures Tobacco Industry

An oligopsony is a market condition where a small number of buyers substantially control the market and drive decision-making power, often resulting in unique economic dynamics. A notable example is the tobacco industry, where a few major companies purchase from numerous growers.

August 25, 2024 4 min read Definitions

Weak Market: Characteristics and Implications

Finance Economics Weak Market Sellers Buyers Price Decline Market Trends

A Weak Market is characterized by a preponderance of sellers over buyers and a general declining trend in prices. This entry explores the nature, causes, examples, and implications of Weak Markets.