Types of markets

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 Introduction
• Word market comes from the latin word “ marcatus” which
means merchandise or trade or place where business is
conducted.

• Definitions of market:-
A market is a sphere within which price
determining forces operate.
A market is the area within which the forces of
demand & supply compete with each other to establish single
price.
Market has been widely & variedly used to mean,
A place or building where commodities are
brought & sold. E.g. Super market.

Place where potential buyers & sellers of

commodity are present. E. g. cotton market.

Potential buyers & sellers of a country or region.

E. g. Indian market , Asian market.

An organization which provide facilities for

exchange of commodities. E.g. Bombay stock exchange.

A phase or course of commercial activity. E. g.

dull market, bright market.
 Types of Market
Location or place of operation

Area of coverage

Time span

Volume of transaction

Number of commodities

Nature of transaction
 Cont…..

Degree of competition

Nature of commodities

Stage of marketing

Extent of public intervention

Type of population served

Accural of marketing margin

 On the basis of location or place of operation

Village Primary Secondary Terminal

Market Markets Wholesale Market Seaboard
Markets In this Markets
Located in Located in town market
near centre of Located near
small village, produce is
production of Located at district seashore &
transaction finally
commodity, head quarter, imp. generally
among disposed to
transaction Trade centre, near meant for
buyers & consumer,
among farmers railway station, import &
sellers of processor or
& primary different export
village assembled to
traders marketing agency purpose
export.
 On The Basis Of Area / Coverage

Local or
Village Regional World or
National Markets International
Markets Market
markets
 On The Basis Of Time Span

Short Period Periodic Long-Period Secular

Markets Markets Markets Markets
On The Basis Of Volume Of Transactions

Wholesale Markets Retail Markets

 On The Basis Of Nature Of Transactions

Spot or Cash market Forward markets

 On The Number Of Commodities In
Which Transactions Takes Place

General Markets Specialized markets

 On The Basis Of Degree Of Competition

Perfect markets Imperfect Markets

Monopoly Duopoly Oligopoly Monopolistic

Market Market Market Competition
On The Basis Of nature Of Commodities

Commodity Market Capital Market

 On The Basis Of Stage Of marketing

Producing market Consuming Market

On The Basis Of Extent Of Public Intervention

Regulated Market Unregulated Market

On The Basis OF Type Of Population Served

Urban Market Rural Market

On The Basis Of Market Functionaries & Accrual Of
Market Margins

Farmers Market Cooperative market General market

Thank You