CLASSIFICATION OF MARKET IN A ECONOMY

1. CLASSIFICATION OF
MARKET
Presented by
R.NANDHAKUMAR
22BA031

2.  Generally market is the place where buyers
and sellers are physically present and finalize
the transaction.

3. CLASSIFICATION OF MARKET
Based on :
 Area
 Time
 Competition
 Function
 Commodity
 Legality

4. Based on Area
 LOCAL MARKET
 REGIONAL MARKET
 NATIONAL MARKET
 INTERNATIONAL MARKET

5. Based on Time
 VERY SHORT
Supply of the goods is limited.Demand determines
the price of the goods.
 SHORT
Production can be increased.Demand plays an
important role in price determination.
 LONG
Supply can be adjusted to quantity demanded.
 VERY LONG
Both supply and demand can be change.

6. Based on Competition
 PERFECT
when there is homogeneous product.free entry
and exits from market of a firm.
 IMPERFECT
when perfect competition is not in
existence.Number of buyers and sellers are small.

7. Based on Function
 MIXED
where all types of goods are bought and sold. found in
cities.
 SPECIALIZED
where particular commodity of goods is sold. eg., texvalley
, vegetable markets.
 SAMPLE
where the goods are bought and sold based on the
samples.eg., oil seeds , raw cotton.
 GRADING
goods are bought and sold based on their grades.

8. Based on Commodity
 Product
where particular product is sold . eg., vegetable market.
 Stock
where stock and shares , bond , securities and debentures
etc are bought and sold.
 Bullion
where silver and gold are bought and sold . eg., Dubai has
gold market.

9. Based on Legality
 LEGAL
where market is recognized by Govt and with legal
transaction.
 ILLEGAL
black marketing
hongkong market is illegal market

10. Thank You