What is a Seller's Market?

The seller's market is also known as the "seller's market." "Buyer's Market" symmetry. Refers to a market where goods are in short supply, buyers are competing for purchases, and sellers are in a position to take the initiative to buy and sell. Because the market is in short supply, consumers are rushing to buy, lowering the conditions of purchase, which is very beneficial to the sellers. They can limit sales, reluctant to sell them, or sell at high prices, causing the prices of market goods to rise. Although this market situation is conducive for sellers to sell products and producers to expand production, it is not conducive to reducing product costs, improving product quality, increasing color varieties, and meeting the various needs of consumers. ^[1]

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Seller's market

buyer market

It is the buyer that takes the initiative in the supply and demand relationship and becomes the dominant market. It has different impacts on consumers who buy goods, industrial and commercial enterprises that supply goods, and economic management departments that are macro-controls, and cause a series of different behavior changes. Buyer markets are generally good for consumers. Consumers can shop around in a relaxed market product selection environment, buy cheap and good-quality products, and virtually increase actual income in the process of declining commodity prices to achieve greater consumption satisfaction. Especially for Chinese who have been in shortage for a long time, from grain, cotton, oil, meat, eggs, vegetables to daily necessities such as sugar, tobacco, wine, and matches are provided on a household-by-household basis, the formation of a buyer's market Give it more joy.