Market structure and competition

To start with, I’d like to define what the word “market” means. Generally speaking, a market is a gathering of people for buying and selling, the place where they meet.
According to the character of concluded contracts there are two types of markets: spot markets and futures markets. In the spot market you can buy or sell goods, currency or securities that are available for immediate delivery. Futures market means the buying and selling of these things for delivery at a future date for a price fixed in advance.
Commodity markets are the places where raw materials and some manufactured goods are bought and sold for immediate or future delivery. Main terminal markets are situated in London and New York. By the word “terminal market” I mean markets dealing mainly in commodities that will be available in the future (futures) rather than goods that are available immediately (they are called actuals, by the way). Most terminal markets are outside the countries that produce the goods.
Deals on some commodities like, for example, teas are concluded at the auctions where dealers are supposed to inspect every lot for sale. But in fact they deal with certified stock – which means a commodity stock which had been checked and acknowledged proper for delivery under the futures market contracts. The actuals and futures deals are concluded by way of daily callovers where the dealers are represented by commodity brokers who buy and sell raw materials or manufactured products for a fee in a commodities market.
The second type of markets according to their function is stock markets – these are markets where stocks and shares are bought and sold under fixed rules, but at prices controlled by supply and demand. The main idea of stock exchanges is to enable public companies, the state and local authorities to...

Daugiau informacijos...

★ Klientai rekomenduoja

Šį rašto darbą rekomenduoja mūsų klientai. Ką tai reiškia?

Mūsų svetainėje pateikiama dešimtys tūkstančių skirtingų rašto darbų, kuriuos įkėlė daugybė moksleivių ir studentų su skirtingais gabumais. Būtent šis rašto darbas yra patikrintas specialistų ir rekomenduojamas kitų klientų, kurie po atsisiuntimo įvertino šį mokslo darbą teigiamai. Todėl galite būti tikri, kad šis pasirinkimas geriausias!