LolyMing
11-16-2007, 03:39 AM
The main characteristics that determine the market for a particular commodity are the extent of demand and the adequate supply of the product. A commodity that has constant demand throughout the nation or the world has a wider market than the commodity that is demanded only by a section of the society, and that too only at a particular time of the year. Thus, the market is narrow for goods having limited or seasonal demand.
For example, the market for sugar is wider as it is consumed by all sections of the society than the market for millets, which is eaten only by the lower class people. The extent of the market is also limited to the supply of that particular product. If the demand is high and the supply is inadequate, the commodity will not be able to extend the scope of its market to newer areas.
Those commodities, which can be cheaply transported from one place to the other, are considered as portable. Goods like gold, silver, cloth, and precious stones are generally not very bulky and have large value in small amounts also. Thus, they are able to have a wider market as they can easily be transported than goods like sand, bricks, iron etc. which are transported with much difficulty and have a narrow market.
Regulatory affairs (http://www.regulatoryworld.com) experts will have to constantly interact with the management consultants to ensure a fair deal for the market forces. They will have to constantly watch the goings on in the market so as to analyse and identify the warning signals of an impending crisis much earlier. Through timely action much of the intractable market problems can the successfully tamed.
For example, the market for sugar is wider as it is consumed by all sections of the society than the market for millets, which is eaten only by the lower class people. The extent of the market is also limited to the supply of that particular product. If the demand is high and the supply is inadequate, the commodity will not be able to extend the scope of its market to newer areas.
Those commodities, which can be cheaply transported from one place to the other, are considered as portable. Goods like gold, silver, cloth, and precious stones are generally not very bulky and have large value in small amounts also. Thus, they are able to have a wider market as they can easily be transported than goods like sand, bricks, iron etc. which are transported with much difficulty and have a narrow market.
Regulatory affairs (http://www.regulatoryworld.com) experts will have to constantly interact with the management consultants to ensure a fair deal for the market forces. They will have to constantly watch the goings on in the market so as to analyse and identify the warning signals of an impending crisis much earlier. Through timely action much of the intractable market problems can the successfully tamed.