Market Types

Market Types most commonly prevailing in the World Economy are Consumer market, Industrial Market, Stock market, Real estate market, Food market, Commodity Market, Financial Market and others.

Market is the social arrangement where exchange of goods and services takes place among the buyers and the sellers. According to absolute terms of Economics, main Market Types are Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly. But in general, we can find varying types of markets. This is because, whenever a group of person has preference for a good or service that another group of person can supply, a new market emerges.

Among various types of market, Consumer Market is the market of product and services which individuals buy for their personal use. The products of Consumer market are the FMCGs( Fast Moving Consumer Goods), which are high volume but have low unit value; Consumer Durables, which have low volume but high unit value and the Services for personal care.

Industrial market is the market of products and services which are exchanged between businesses. The products which are exchanged in the Industrial market are Finished Goods, Raw Materials and Services such as legal services, accounting services and security services. But the most important fact about markets is that whatever is the market type, all markets are more or less volatile at some or other point of time and this volatility is very much important for the markets. Due to the volatility of the markets the upward and downward trends emerge which gives rise to good opportunities.