Define and Distinguish Between the Four Types of Markets Recognized

question 18

Essay

Define and distinguish between the four types of markets recognized by economists. What kind of market is the internet at this time?

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Definitions:

Phylum

A rank in the biological taxonomy that is below kingdom and above class, used to group organisms that share basic structural or developmental characteristics.

Phylum

A level of classification in the biological taxonomy that groups together organisms based on a common plan of body structure or organization.

Phylum

A phylum is a rank of classification in biology that groups together organisms with a similar body plan or significant shared characteristics.

Phylum

A level of classification in the biological taxonomy that groups together organisms with a common body plan or significant shared characteristics.