- Types:
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black market
an illegal market in which goods or currencies are bought and sold in violation of rationing or controls
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buyer's market, buyers' market, soft market
a market in which more people want to sell than want to buy
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gray market, grey market
an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency
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seller's market, sellers' market
a market in which more people want to buy than want to sell
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labor market
the market in which workers compete for jobs and employers compete for workers
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monopoly
(economics) a market in which there are many buyers but only one seller
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monopsony
(economics) a market in which goods or services are offered by several sellers but there is only one buyer
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oligopoly
(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors
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corner
a temporary monopoly on a kind of commercial trade