On the basis of Economic the market can be classified into (a) Perfect market (b) Imperfect market
(a). Perfect market: A market is said to be a perfect
market, if it satisfies the following conditions:
(i) Large number of buyers and sellers.
(ii) Prices should be uniform throughout the market.
(iii) Buyers and sellers have a perfect knowledge of market.
(iv) Goods can be moved from one place to another without restrictions.
(v) The goods are identical or homogeneous. It should be remembered that such types of markets are rarely found.
(b). Imperfect market: A market is said to be imperfect when:
(i) Products are similar but not identical
(ii) Prices are not uniform
(iii) There is lack of communication
(iv) There are restrictions on the movement of goods.

The market 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 :
(i) Produce Exchange market
(ii) Manufactured goods market
(iii) Bullion market
b.Capital markets :
(i) Money market
(ii) Foreign Exchange market
(iii) The stock Exchange market
III. On the basis of Economics :
(i) Perfect market
(ii) Imperfect market
IV.On the basis of Transaction:
(i) Spot market
(ii) Future market
V. On the basis of regulation:
(i) Regulated nmarket
(ii) Unregulated narket
VI. On the basis of time :
(i) Very short period market
(ii) Short period market
(iii) Long period market
VII. On the basis of volume of business :
(1) Wholesale market
(2) Whole sale market
VIII.On the basis of importance :
(i) Primary market
(ii) Secondary market
(ii) Terminal market