Give The Classification Of Market?

Classification of markets:
Market has been classified on the basis of differences among them.
Market on the basis of area covered are classified into
a) local markets
b) regional markets
c) national markets
d) international markets
Keeping in mind the position of sellers in the market, the markets are categorized as:
1. primary market
It is the market where in the farm products are sold by the primary producers to the wholesalers or their agents.
2. secondary market
It is the market where wholesalers sell goods to the retailers for further selling it to the consumers.

3. terminal market
It is the market where the purchase is finalized by the consumers from the retailers.
On the basis of volume of business transacted, the markets are classified into;
1. wholesale market
As the name indicates it is the market wherein the goods are sold in bulk to the dealers.
2. retail market
In case of retail market, the goods are sold in a small quantity directly to the consumers.
On the basis of nature of transactions, the market is classified as:
1. spot market
The spot market is the cash market.
2. future market
In this market the purchase or sale of the commodity calls for delivery some months in the future. Actual delivery of goods is rarely made.

Consumer market and industrial market