classification of an industry into a particular economic market system is really necessary to understand it clearly. Without it we can not analyze the market the way it should be done. This paper discusses about the market, its types as well as it discusses about its impacts on the decision of a company involved in the market in achieving its goals. After that there is a discussion about UK super market industry and it has been analyzed that the oligopoly nature of UK super market industry is why not under the investigation of the commission of competition act and antitrust laws.

The economic market system is normally defined as a system that is self adjustable and works on its own. It needs no controlling body for current operations. Because of ongoing human activities and changing needs the economic system itself adjusts the supply according to demand and production according to...
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