Marginal cost
Marginal cost can be defined as the net addition to the total cost for increasing the output due to extra unit of employment. In case of a fixed cost condition, the marginal cost equates with the average cost.
Market
A market can be defined as the gathering of buyers and sellers for the common exchanges. Though the market was largely dominated through the barter system in the past, still the money as the medium of exchange has solved this problem. The market is largely determined by the forces of demands and supply.
Market failure
Market failure is a situation only when imperfections prevail in the market mechanism. This is a sub-optimal case where the economic efficiency is not achieved.
Market forces
The forces of the market are the impact of both demand and supply. In a free market economic system, market forces determine the prices level in an economy.
Market share
Proportion of the sale of a single firm in the whole industry’s sale.
Market entry
Simply it is meant as the entry of new firms to the industry. For the entry in to various markets, the entry criterion differs. In case of a perfect competitive market, there are no entry conditions. But in case of other markets there are always a some conditions.
Money market
It is generally a short market, where lending and borrowings of money takes place.
Mortgage
Mortgage can be meant as a conveyance of an asset or property to the creditor in the form of a security for the debt. The borrower here is called as the mortgagor and the lender as the mortgagee.
