Meaning and Types of Markets | CA Foundation | Business Economics Chapter no- 4 | Chandan Poddar

In this video, Chandan Poddar explains the meaning and types of markets for CA Foundation students, covering key concepts from Business Economics Chapter 4. The lecture begins with an introduction, then delves into market fundamentals, revenue, and the relationship between average revenue, marginal revenue, and price elasticity of demand. It explores how changes in demand or supply affect equilibrium price and quantity, examines simultaneous increases and decreases in demand and supply, and discusses market structures such as perfect competition, monopoly, price discrimination, and the economic effects of monopoly. The presentation includes diagrams and practical examples to illustrate each concept. Time stamps: 0:00 Intro, 0:13 Market, 12:40 Revenue, 24:15 Relationship Between AR, MR and Price Elasticity of Demand, 31:00 Impact on Equilibrium Price or Equilibrium Quantity Due to Change in Demand or Supply, 1:06:27 Simultaneous Increase in Demand and Supply, 1:13:07 Simultaneous Decrease in Demand and Supply, 1:18:00 Perfect Competition, 2:04:18 Determination of Price Under Perfect Competition, 2:27:47 Perfect Competition - Diagrams Under Different Situations, 2:38:39 Monopoly, 2:52:15 Price Discrimination, 3:12:23 Economics Effects of Monopoly.