Resumen
Markets, a very broader term in economics and has a wider perspective. It?s an amalgamation of buyers and sellers of a product and the spread between them. The transactions for commodities may be also through letters, telegrams, telephones, internet etc. It refers to a commodity and the buyers and sellers who are in direct competition with one another. There are certain crucial structure and patterns of market that gets reflected by nature of competition prevailing in a particular market structure. Price is one such determinant??The paper provides a conceptual framework about the adjustments of price and the various mechanisms it goes through in the process of setting of the final price. The paper attempts to discuss some qualitative parameters that have been used in setting up of the prices in various types of distinct markets where there are different equations goes on between the transacting parties.