Classify the markets on the basis of their commodity.

1.	Classify the markets on the basis of their commodity.
Answer» On the basis of commodity, the markets are classified as follows: (a) Common Market: Common market is the place in which various types of products are sold and bought. Example : Clothes, Utensils, Jewellery, grocery markets are found in a common market. (b) Special Market: It is the market in which special kinds of products are sold and bought. Example: Grocery market, Clothes market, Jewellery market, Fruit market, etc. (c) Market of Sales from Sample: When the sale of the goods is done by looking at the sample then it is called a market of sale by sample. Sale is usually done by showing a sample in wholesale markets. (d) Market of Sales from Grading: Purchase and sale of some items is based on grading. Example: Usha Stitching Machine, K-68 Wheat, Lux Soap, Dalda Ghee, Hero Cycle, etc.

Answer»

On the basis of commodity, the markets are classified as follows:
(a) Common Market: Common market is the place in which various types of products are sold and bought.
Example : Clothes, Utensils, Jewellery, grocery markets are found in a common market.

(b) Special Market: It is the market in which special kinds of products are sold and bought.
Example: Grocery market, Clothes market, Jewellery market, Fruit market, etc.

(c) Market of Sales from Sample: When the sale of the goods is done by looking at the sample then it is called a market of sale by sample. Sale is usually done by showing a sample in wholesale markets.

(d) Market of Sales from Grading: Purchase and sale of some items is based on grading.
Example: Usha Stitching Machine, K-68 Wheat, Lux Soap, Dalda Ghee, Hero Cycle, etc.

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