Discuss some basic parameters that enables one to gauge the functioning of the stock market as a whole, which makes it easier to know if the stock market is developed and mature or not. The parameters that we should look at in order to judge the functioning of equity markets are: volatility, liquidity, size of the market, and transactions cost https://www.expertsmind.com/topic/equity-markets-and-volatility/market-capitalisation-ratio-92705.aspx