Social Sciences, asked by muhammadhaider6894, 1 year ago

How many types of markets are available in cities ? name them in vastes?

Answers

Answered by Mayhem
1
There are many different ways to classify markets. One way is to consider the nature of the buyer and the market's place within the distribution system. This leads to two broad classes of market, namely retail market or wholesale markets. The economist, Alfred Marshall classified markets according to time period. In this classification, there are three types of market; the very short period market where the supply of a commodity remains fixed. Perishables, such as fruit, vegetables, meat and fish fall into this group since goods must be sold within a few days and the quantity supplied is relatively inelastic. The second group is the short period market where the time in which the quantity supplied can be increased by improving the scale of production (adding labor and other inputs but not by adding capital). Many non-perishable goods fall into this category. The third category is the long-period market where the length of time can be improved by capital investment.

Other ways to classify markets include its trading area (local, national or international); its physical format or its produce.

Major physical formats of markets are:

Bazaar: typically a covered market in the Middle East
Car boot sale - a type of market where people come together to trade household and garden goods; very popular in the United KingdomIndoor market of any sort
Marketplace: an open space where a market is or was formerly held in a town Market square in Europe: open area usually in town centre with stalls selling goods in a public square
Public market in the United States: an indoor, fixed market in a building and selling a variety of goodsStreet market: a public street with stalls along one or more sides of the street
Floating markets: where goods are sold from boats, chiefly found in Thailand, Indonesia and Vietnam
Night markets: popular in many countries in Asia, opening at night and featuring much street food and a more leisurely shopping experience. In Indonesia and Malaysia they are known as pasar malam
Wet markets: in Greater China and Asia, where traditionally live animals were sold; in Indonesia and Malaysia, pasar pagi is a type of wet market.

Markets may feature a range of merchandise for sale, or they may be one of many specialist markets, such as:

Animal markets (i.e. livestock markets)
Antique markets
Farmers' markets, focusing on fresh produce and gourmet food lines (preserves, chutneys, relishes, cheeses etc.) prepared from farm produce
Fish markets
Flea markets or swap meets, a type of bazaar that rents space to people who want to sell or barter merchandise. Used goods, low quality items, and high quality items at low prices are commonplaceFlower markets, such as the 
Mercado Jamaica in Mexico City and the Bloemenmarkt in AmsterdamFood halls, featuring gourmet food to consume on- and off-premises, such as those at Harrods (London) and Galeries Lafayette (Paris) department stores. In North America, these may be also referred to simply as "markets" (or "mercados" in Spanish), such as the West Side Market in Cleveland, Ponce City Market in Atlanta, and the Mercado Roma in Mexico City.
Grey market: where second hand or recycled goods are sold (sometimes termed a green market)
Handicraft markets
Markets selling items used in the occult (for magic, by witches, etc.)
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