t and demerit of the market as an institution of exchange.
             The market as an institution of exchange is pegged on the political economy theory of economic liberalism. Economic liberalist believe that free movement of goods and services would fetch positive and fair returns in an economy due to market competition. This theory operates on the assumption that the market is self-supporting equilibrium free from State control unless when correcting market anomalies. The market economy operates on the principle of individual will and consumer sovereignty whose engagement in trade is determined by value, price, market accessibility, demand and supply of the goods and services.
             The market therefore as an institution of exchange must ensure social satisfaction and fulfillment at all times. The market is also free for all and individual consumers approach the market depending on the cost and benefit from the market.
             Market power and manipulation is the economic sieve used to separate self-sustainable independent States from dependent States. Thus countries can only manage to manipulate the economy only if you first undergo economic war.
             This is a type of a market that does not exist physically though buying and selling takes place either though telephones, emails e.tc.
             This are mainly retail markets that sell commodities is small quantities.
             These are the types of markets where industrial transactions take place.
             The mainly buy products from primary sector industry and deals mainly in commodities like coffee, tea, cocoa. Commodity, markets are mainly centered in developed countries though the commodities themselves originate from developing countries.
             This are mainly support small business firms and deal in either buying or selling of shares. The also include bond markets
             The economic law of value regulates the market transaction in accordance to the quality of labor. The capacity of a commodity to satisfy a want is its use-...