market structure JUST WRITTEN FOR YOU
/ˈmɑːrkɪt ˈstrʌktʃər/ · mar·ket struc·ture
noun
- The organization and characteristics of a market, including the number and size of firms, product differentiation, and barriers to entry. The analyst noted that the market structure of the smartphone industry has shifted from oligopoly to more intense competition.
- The overall pattern of relationships among buyers, sellers, and intermediaries within a particular market. Understanding the market structure helps policymakers design effective antitrust regulations.
Synonyms
market compositionindustry structuremarket organizationmarket configurationmarket frameworkmarket makeupmarket layoutmarket design
Antonyms
Did you know? The term "market structure" became a cornerstone of industrial organization theory after Joan Robinson's 1933 book "The Economics of Imperfect Competition" introduced systematic analysis of different market forms.