types of markets

Question 1

These include the world’s established consumer markets, around one billion people. The popula tion is solidly middle class, and people can obtain almost any product desired. The infrastructure is highly developed and efficient.

Answer 1

Developed Markets

Question 2

These markets, around two billion people, are working hard to improve living standards. Migration to cities for better pay is overloading urban infra structures as rising incomes are increasing global demand for resources and basic products.

Answer 2

Emerging Markets

Question 3

Globalization has bypassed these mar kets of nearly four billion people. The population is mostly rural, the infrastructure is often inadequate for today’s busi ness operations, and credit or collateral is scarce because of a lack of property rights.

Answer 3

Traditional Markets