Computer Village

The market is a Perfect market in which no dealer influences the price of the product it buys or sells within the market. There are huge number of buyers and sellers in the market coupled with a large number of consumers with willingness to buy the products at a certain price with respect to their need and income.[8] There is no Barriers to entry and exit from the market, permitting long term adjustments to changing in the market conditions.[9] ICT dealers and consumers have perfect knowledge of price, quality of the products and its utility with zero incur cost In course of their transactions.[10] The market also permit buyers to make rational purchases on the basis of information and price knowledge.[11]

Certain activities in the market have strongly been criticized by a good number of people across the country, who have painfully experienced the loss of money and prized gadgets to the schemes of unqualified engineers and fraudsters, who use the chaotic market as a medium to rip off people or sell counterfeit products and services, such as mobile phones, software, accessories, etc.[12][13] There are several stories about stolen phones that often find their way into the market, but these unlawful act are usually perpetrated by unregistered traders and Retailers, some of whom it behoves to transact on vehicles' hoods, walkways, and display units rather than a proper brick-and-mortar store.[14][15] However, there are two major categories of traders in the market, the registered and unregistered or free traders, who often sell in a nomadic and unaccountable fashion.[16] The later category of traders are easily the perpetrators of the crime in the market, given their drifting liberties. Nonetheless, mechanisms are getting established to ward against unauthorized dealers, sellers, and fixers.[17]

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  A section of computer village ikeja,Lagos
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