JSS2: BUSINESS STUDIES – 1ST TERM
Reception Office | Week 18 Topics|1 Quiz
Office Correspondence | Week 25 Topics|1 Quiz
Office Documents | Week 32 Topics|1 Quiz
Trade | Week 42 Topics
Aids to Trade | Week 53 Topics|1 Quiz
Market | Week 64 Topics|1 Quiz
Buying and Selling | Week 75 Topics|1 Quiz
Distribution I | Week 84 Topics|1 Quiz
Distribution II | Week 95 Topics|1 Quiz
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Types of Market
There are several types of markets, and some of them are;
1. Capital Market:
This type of market is concerned with raising capital by dealing in shares, bonds, and other long-term investments by businesses, governments, etc. The capital market is also called the financial market.
People invest in big companies by buying shares and stocks on a long-term basis to make a profit. These people become shareholders and after a certain period, the company pays dividends to the shareholder, out of its profits.
In Nigeria, the capital market is known as the Nigerian Stock Exchange.
2. Money Market:
This is a market where businessmen obtain short-term loans, for the financing of their business transactions.
3. Commodity Market:
A commodity market involves buying, selling, or trading a raw product, such as coal, oil, gold, or coffee, etc. The users buy these products because they are useful to them.
There are other types of commodity markets that are found in every locality. These are:
a. Open-Air Markets: An Open-air market is one where buying and selling take place in an open arena.
b. Stalls: Market stalls are commonly found in urban areas, towns, and cities.
c. Shops: A shop is a building or part of a building where goods are displayed and sold to customers.
d. Online Shops: With the advancement in communication, Online shopping, that is, shopping on the internet, is increasing and becoming popular.
4. Foreign Exchange Market:
This is a market that deals with the purchase and sale of foreign currencies.
5. Factor Market:
This is a market for the sale and purchase of factors of production such as land, labour, and capital.
6. Labour Market:
This is a market that trades on Labour/workers. In the labour market, employers compete to hire the best, and the workers compete for the best satisfying job.