Market in general usage is a place where things are bought and sold. In economics, market is not necessarily the name of a place or building built of bricks and motors. Market is a situation in which buyers and sellers of a commodity meet at a particular point of time and the price is fixed by the inter-action of the forces of demand and supply.
Economic Market can be classified on the basis of time, on the basis of area covered, on the basis of commodity or merchandise, etc. Generally, we can classify on economic market as follows:
The markets for which reports are prepared are not too many. In our context, Stock Exchange and Produce Exchange are common forms of market for which reports are prepared. Bullion Market is unevenly reported. It is located in Karachi, Hyderabad, Lahore and Peshawar.
Stock Exchange is and organized market for long-term investments. It facilitates free movement of stocks and shares, e.g., Karachi Stock Exchange and Lahore Stock Exchange.
Produce Exchange is an organized market dealing in raw produce such as wheat, cotton, rice, pulse, oil-seeds, etc. located in Karachi, Lahore, Faisalabad, etc in Pakistan.