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- Markets can be classified in different ways. Here are some examples of market classifications12345:
- According to the extent of area covered: local, national, and international15.
- According to the nature of goods: durable and nondurable and perishable goods1.
- According to the economic view: monopoly, oligopoly, perfect competition, monopolistic competition, monopsony, oligopsony, and natural monopoly3.
- According to the transaction: product market and factor market1.
- According to the regulation: regulated and unregulated markets4.
- According to the time: spot market and future market4.
- According to the volume and importance: primary market and secondary market4.
- According to the consumer orientation: consumer markets, business markets, global markers, non-profit and government markets, and e-commerce2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Broadly, a market is classified into product market where goods are transacted, and a factor market where inputs are bought and sold. A goods market exists for both durable and nondurable and perishable goods. A. According to the extent of area covered, a market is classified into local, national, and international.www.economicsdiscussion.net/market/market-mea…The modern classification of the market is based on the consumer orientation that the consumer is king and a driving force within the market. Economist and marketing experts classify modern markets as consumer markets, business markets, global markers, non-profit and government markets, and e-commerce.www.superheuristics.com/classification-of-markets …Types of the market:
- Monopoly: A monopolistic market is a market formation with the qualities of a pure market. ...
- Oligopoly: An oligopoly is a market form with a few firms, none of which can hold the others back from having a critical impact. ...
byjus.com/commerce/forms-of-market/Classification of Markets On the basis of different approaches markets have been classified on the basis of Area, Nature of Goods, and Economic view, Transaction, Regulation, Time, Volume and importance. The detailed classification is presented in the following chart.www.brainkart.com/article/Classification-of-Markets…On the basis of the area from which buyers and sellers usually come for transactions, markets may be classified into the following four classes:
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