What is a New Market?
New market. A new market is created if your product enables a large number of customers to do something they were unable to do before you came along. In a new market, customers and their preferences are unknown and direct competitors are non-existent. There are five types of markets: Resource markets, manufacturer markets, intermediary mar- kets, consumer markets and government markets (see Figure 1).The four main types of market structures are perfect competition, monopolistic competition, oligopoly and monopoly.
What is the old name of New Market?
New Market, formally known as Sir Stuart Hogg Market, is a market complex in Kolkata situated on Lindsay Street at Dharmatala. Today, New Market is a bustling and lively place, where you can find everything from antiques and handicrafts to fashion and electronics, all under one roof. It is a place where you can see the diversity and richness of Kolkata’s culture, as well as its cosmopolitan and dynamic spirit.