DPAD.2019.041

Market Structure

Yogesh Hole

yogesh.hole@cihanuniversity.edu.iq

Abstract- The seminar ‘Market Structure’ is about to understand the different types of competition. Market structure has historically emerged in two separate types of discussions in economics, that of Adam Smith on the one hand, and that of Karl Marx on the other hand. Adam Smith in his writing on economics stressed the importance of laissez-faire principles outlining the operation of the market in the absence of dominant political mechanisms of control, while Karl Marx discussed the working of the market in the presence of a controlled economy, sometimes referred to as a command economy in the literature.

Keywords- Market structure, Monopoly, Competition, monopolistic competition, oligopoly

Date: 05/12/2019

Place: Department of Public Administration