Types and functions of the market

The consumer market today becomes an integral part of our life, because in order to live and prosper, a person today needs not only a number of vital goods and products, but also their choice. The functions of the labor market are aimed at improving the quality of services and improving the standard of living of the consumer. In order for the market to function normally, it is necessary to observe three conditions: the existence of private property, competition and free prices.

The main functions of the market:

1. Regulatory. The regulator of production here is the market through supply and demand. Thus, it establishes the necessary proportions in the economy.

2. Incentive. Here, the market stimulates the introduction of scientific and technological progress, the expansion of the product range and the reduction of production costs.

1. Informational. Provides objective information about the quality, quantity and range of goods and services that the market has.
2. Intermediary. The consumer is given the right to choose the best supplier of products.
3. Sanitary. In the market conditions, only strong viable economic units survive.
4. Social. Market participants differentiate depending on income.

Structure, types and functions of the market:

1. Types of the market:

• Market of goods and services
• labor market
• Capital market
• Information market
• financial market

2. Mechanisms of the market:

• Free competition market
• Regulated market
• Monopolized market

3. Degree of market saturation:

• in short supply
• equilibrium
• excess

5. Legislative base:

• Legal market
• "black market

The securities market can be viewed as an independent sector of the financial market, it is he who is the source of attracting capital to the market economy. The functions of the securities market are conditionally divided into two groups: general market functions and specific ones that significantly distinguish it from other markets.

Common Market Functions:

1. A commercial. Responsible for profit from operations in this market.
2. Price. Responsible for the constant price movement that the market provides.
3. Informational. Informs all participants about the objects of trade.
4. Regulatory. Creates rules of trade, dispute resolution, sets priorities.

Specific market functions:

1. Redistributive.

Responsible for:

• Redistribution of funds between spheres and branches of activity.
• Transfer of consumer savings into productive form.
• Financing of the state budget without issuing new cash.

2. Function of insurance of financial and price risks.

Market economy is a system based on freedom of choice, private property and competition. First of all, it guarantees freedom to the consumer, as it gives him freedom of choice in the market of food and other goods and services. The main driving force of the market economy and the main motive is personal interest, only for buyers it is the maximum benefit, and for producers - maximum profit. The basis for healthy competition is complete freedom of choice.

Healthy competition suggests:

• Uniformity of services and goods;
• A large number of buyers and sellers;
• Lack of price discrimination;
• Complete information on prices;
• Absolute mobility of all resources.

Private property is a guarantee of non-interference of third parties in voluntarily concluded contracts, it also constitutes the basic basis of a market economy. Meanwhile, the classical market economy is a method due to state intervention in the economy. The government here acts as an organizer, defining the rules of the game in the market and carefully monitoring the implementation of these rules.