CLASSIFICATION OF MARKETS

YGenerally markets are clarified under the following  categories.
1 . GEOGRAPHICAL MARKETS.
a)Family market; These markets existed during"village economy" and not now.
b)Local market; They exist in"Town economy".They are gradually disappearing due to innovations and developments in transport and communications. They however still exist in villages but are too few in numbers.
c)National market;The scope of industrialisation has widened markets on the national level. Most of the products today have acquired national markets.
d) World Market or International market.These markets are developed due to the growth of international transport and communications.
2.BUSINESS CLASSIFICATION.
a)Whole sale market; In this market wholesaler is the supplier and retailers are the buyers. Here goods are brought and sold in bulk quantities.
b) Retail market. ; Retailer in the last link in the chain of distribution. Detailer deals with consumers and hence sometimes to as the consumers Market. Here goods are sold in small quantities generally to the ultimate cons semi manufacturedumers.
3. ON THE BASIS OF IMPORTANCE.
a)Primary Market;   Generally in this market agricultural products are sold.
b) Secondary market. In this market semi manufactured or partly manufactured goods are sold.
4. GOODS WISE CLASSIFICATION
A) COMMODITY MARK GENERAL