Economics (Perfect market grade 12)

Introduction

Show learners on the picture examples of perfect market. 

Task

5 Characteristics of perfect market

3 Examples of perfect market 

 

Process

I will first explain what is a perfect market for the learners in the classroom.

give learners examples of perfect market.

 

Evaluation

Characteristics of perfect market

  1. They are many buyers and sellers in the market.
  2. The products are homogeneous 
  3. Both sellers and buyers are price takers
  4. No barriers to entry(free entry)
  5. No collusion

examples of perfect market

  • Street vendors
  • Agricultural markets 
  • Free software 
Conclusion

Teacher will explain to the learners the corrections for the task.

 

Credits
Teacher Page

Webquest is fun and easy to use. I will make sure that everyone at school is aware of webquest and try by all means to make it work for teachers and learners. 

It helps learners learn more about a specific topic and allows learners to work on their own pace individually or in a team.

Every teacher needs to know about webquest.

Creates a greater sense of importance for that topic.