There are different types of markets in the conceptual framework of economics, varying in the aspects of number of buyers or sellers in the market, the nature of the product the market deals with, the distribution and distortions of market power, the dissemination of knowledge in the market as well as the entry and exist barriers and their magnitude in the concerned market (Baumol and Blinder 2015). Keeping these differences of different forms of markets and their relevance with the global economic scenario into consideration, the concerned report tries