Markets are classified
1. On the Basis of Area
- Local market
- Provincial market
- National market
- International market
2. On the Basis of Time:
- Very short period market (or) Market period
- Short period market
- Long period market
- Very long period market (or) A secular period market
3. On the Basis of Quality of the Commodity:
- Wholesale market
- Retail market
4. On the Basis of Competition:
- Perfect competition market
- Imperfect competition market
