On the basis of different approaches markets can be classified as follows:
I. On the basis of Geographical Area:
(a) Family Market
(b) Local Market
(c) National Market
(d) International Market or World Market
II. On the Basis of Commodities / Goods:
(a) Commodity Market
1. Produce Exchange Market
2. Manufactured Goods Market
3. Bullion Market
(b) Capital Market:
1. Money Market
2. Foreign Exchange Market
3. The Stock Market
III. On the Basis of Economics:
(a) Perfect Market
(b) Imperfect Market
IV. On the basis of transaction:
(a) Spot Market
(b) Future market
V. On the Basis of Regulation:
(a) Regulated Market
(b) Unregulated Market
VI. On the Basis of Time:
(a) Very Short Period Market
(b) Short Period Market
(c) Long Period Market
VII. On the Basis of Volume of Business:
(a) Wholesale Market
(b) Retail Market
VIII. On the Basis of Importance:
(a) Primary Market
(b) Secondary Market
(c) Terminal Market
