The website has the complete lesson note for all the subjects in secondary school but this piece showcases the JSS2 Business Studies Lesson Note on Market. You can use the website search button to filter out the subject of interest to you.
CLICK HERE to download the complete Document: DOWNLOAD HERE
MARKET
Full Content
Meaning of Market
A market refers to a place where goods and services are bought and sold. It is a place where buyers and sellers come together to trade. Examples of Market are Dugbe Market in Ibadan, Kaduna Central Market, Balogun Market in Lagos, Onitsha main Market, ogbete market in Enugu, Ariaria market in Aba .
Features of a market
Types of Market
There are basically three types of Market, namely:
a Commodity Market
This is the market for buying and selling of raw materials, semi-finished and finished good. A good example of commodity market is a market for Foodstuff, provisions, gift items, clothes, household equipment, etc.
Types of Commodity markets include
Open Air Market, Shops, and Stalls
Click on the Downloadable Button to get the FULL NOTE
Do you want to study Agricultural Extension in OOU? Before you apply for the OOU…
Do you want to study Agricultural Economics in OOU? Before you apply for the OOU…
Do you want to study Cooperative and Business Management in OOU? Before you apply for…
Do you want to study Home and Hotel Management in OOU? Before you apply for…
Do you want to study Animal Production in OOU? Before you apply for the OOU…
Do you want to study Crop Production in OOU? Before you apply for the OOU…