CLOSE MARKET Meaning and
Definition
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A "close market" refers to a situation in which a limited number of participants actively engage in the buying and selling of goods, services, or financial products within a specific industry or market segment. In a close market, the number of potential sellers and buyers is significantly smaller compared to a more open or competitive market. This can be a result of factors such as strict regulations, high entry barriers, limited supply, or exclusive agreements within the industry.
In a close market, participants often have more control and influence over prices, as their actions can have a significant impact on the overall market. Due to the limited number of competitors, close markets are characterized by concentrated power and market dominance held by a few key players. Consequently, this can lead to reduced market transparency, less price competition, and potentially higher prices for consumers.
Close markets can exist in various sectors, including industries such as telecommunications, pharmaceuticals, or energy, where specific regulations or patents restrict entry and competition. Additionally, they can also be found in smaller or niche markets where a select group of businesses dominate a particular sector or geographical area.
Efforts to increase competition in close markets often involve regulatory interventions or policies aimed at fostering a more open and level playing field. These measures can include anti-monopoly regulations, deregulation, liberalization, or encouraging new market entrants to promote healthier competition, increased consumer choice, and improved market efficiency.
Common Misspellings for CLOSE MARKET
- xlose market
- vlose market
- flose market
- dlose market
- ckose market
- cpose market
- coose market
- clise market
- clkse market
- cllse market
- clpse market
- cl0se market
- cl9se market
- cloae market
- cloze market
- cloxe market
- clode market
- cloee market
- clowe market
- closw market
Etymology of CLOSE MARKET
The word "CLOSE MARKET" does not have a specific etymology as it is not a commonly used or recognized term. However, we can analyze the etymology of the individual words.
- The word "close" comes from the Old French word "clos" or the Latin word "clausus", meaning "enclosed" or "shut". It originated from the Proto-Indo-European root "klau", which means "to close" or "to shut".
- The word "market" comes from the Old English word "mearcet" or the Old Norse word "markadr", meaning "a meeting place for buying and selling". It derives from the Proto-Germanic word "markōną", which means "to mark" or "to delineate".
Combining these words, "close market" could refer to a market that is enclosed, restricted, or limited in some way.
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