Meaning & Classification of Market Class 12 Economics Chapter 5 – Forms of Market Lecture 1

Описание: Welcome to Lecture 1 of Chapter 5 – Forms of Market from the Class 12 Economics syllabus.

In this video, we explain the meaning of market in economics and the different ways markets are classified, including place, time, and competition.

📚 What You’ll Learn:
• Definition of market in economics
• Features of a market: buyers, sellers, price, and exchange
• Classification of markets based on:
• Place – Local, Regional, National, International
• Time – Very short period, Short period, Long period, Very long period
• Competition – Perfect competition, Monopoly, Monopolistic competition, Oligopoly
• Real-life examples and board exam relevance

🎓 Ideal for Maharashtra State Board Class 12 Commerce students

📝 Perfect for board exam preparation, assignments, and concept clarity

📌 Strengthen your understanding of market structures with clear explanations and practical insights.

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