Markets can be classified into different types on the following basis:
1) Area covered:
(a) Local market (b) Regional market (c) National market (d) World/Global market.
2) Commodities transacted:
(a) Cotton/Tea/Vegetable market (b) Share market (c) Bullion market (d) Money
market (e) Capital market (f) Real estate market.
(3) Nature of transactions:
(a) Cash/Spot market (b) Futures market.
(4) Volume of business transactions:
(a) Retail market (b) Wholesale market.
(5) Final use of products:
(a) Consumer goods market (b) Industrial goods market.
(6) Dominance of parties on the transactions:
(a) Sellers’ market (b) Buyers’ market.
(7) Functioning of market:
(a) Organized market (b) Unorganized market (c) Regulated market.
(8) Nature of competition:
(a) Competitive market (Perfect market) (b) Monopolistic market (Imperfect market).
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