In today’s competitive business world there exist many different kinds of markets and there are different criteria for defining market, and through these criteria we can identify and categorize different markets such as; if the market is open or closed, if it has monopolistic or oligopolistic nature, where is it located etc.

Quantitative factors are very important when it comes to conducting business. These are the factors that enable the businessmen to make decisions that can be judged or calculated in terms of quantity. When the already existing, or new business, is being planned it is very important for the people conducting the businesses to conduct a proper market survey in order to know various factors such as

When it comes to marketing and the business being carried out, there are a lot of stages and parties involved and with the help and input of all these parties the sales and profits are achieved.

Market dynamics is a phenomenon that is given great importance in economics especially when it comes to supply and demand concepts or in the pricing of goods and services. What market dynamics basically means is the trend or the changes in the prices of various products and these changes in the prices are estimated with the help of the probable supply and demand of those products in the future.