Division of Markets by Nature of Commodity

Division of Markets by Nature of Commodity:

 

1:- COMMON MARKET:

A common market is often in the form of market where all kinds of goods are bought and sold. In such a market, all the necessary items are available and the people of the neighborhood communicate with each other and buy their necessary items from time to time in the market.

 

2:- SPECIFIED MARKET:

Some markets have special status in terms of commodities. In these types of markets, special items are bought and sold. In such markets, the number of buyers and sellers is also very clear. The price of commodities is determined by the day-to-day forces of supply and demand, eg wheat market, sugar market,  cloth market and  gold market.

 

3:-CAPITAL MARKET:

It refers to a market in which new securities and new bonds are bought and sold.

 

4:-STOCKEXCHANGE:

This is the market in which old securities, bonds are bought and sold. Apart from this, shares of already existing companies are also bought and sold. In general these markets are called stock exchanges.

 

5:-FACTOR MARKET:

It refers to a market where the services of birth agents are bought and sold and the remunerations of those birth agents are determined by the mutual balance of their supply and demand.

 

6:-MONEY MARKET:

This is the market where financial institutions issue loans to individuals and businesses. This is also called a market.

 

7:- FOREIGN EXCHANGE MARKET:

A market where foreign currencies are bought and sold is called the foreign exchange market.

 

8:- BUYING AND SELLING BY SAMPLE AND GRADING:

In present era for buying or selling the stores and kinds of commodities are not seen but only the samples and grades are evaluated. When commodities are bought or sold with reference to samples, such market is called a sample market.

 

In general, the buying and selling of agricultural commodities and raw materials is done in the same way and the distribution of these things into different standards can be done easily. For example, wheat, rice or cotton is traded by looking at the sample.

 

 

In the sample market there are only different samples of the goods and the storage is elsewhere. Likewise the classifieds market divide the items into first, second and third standard and sell the items to the customers with the help of item samples. In a classification market, commodities are divided into different categories and named as categories. Thus to the buyer there is no need to see the sample, but everything is understood just by hearing the status of an item.