Describe briefly the classification of economic markets.

An Economic Market can be classified on different basis via, on the basis of time. On the basis of area covered, on the basis of degree of competition, on the basis of commodity or merchandise dealt in, etc. taking the last base as pressured to be the required one for our market report, the classification runs as follows;
1. ECONOMIC MARKET:
a) Commodity Market b) Capital Market

a) COMMODITY MARKET:
The first and the well-known type of an economic market are a Commodity Market. As the term it self explanatory, it deals in commodity that may be used for direct consumption or to be utilized for production, e.g., rice, wheat, oil-seeds, cotton, leather, gold and silver etc.

The Commodity Market organized in Pakistan may be sub-dividend into following:
i) Produce Exchange is a market dealing in raw produced, e.g., wheat, cotton, iron, etc. Such market or exchanges are in Karachi, Lahore and Faisalabad (Lyallpure) etc.
ii) Manufacturing & Party Manufactured Goods Market is a market to deal in manufactured and partly manufactured goods, e.g., cotton, cotton yarn, leather, leather goods, sugar, etc.
iv) Bullion Market is a market to sell precious metals, e.g., gold, silver, etc.
b) CAPITAL MARKET:
The second important type of market is capital market. Capital is the life blood of an industry. It is required to start a new business or to expand the old ones. Capital Market helps to get finance. It is the market of home currency, foreign exchange and stocks and shares.
Capital Market may be sub-divided into the following:
i) Money Market: It is the market where in certain agencies are engaged in financing business and industries through investments, e.g., banks, financial institutions, etc.
ii) Foreign Exchange Market: It is a special market for investments. It facilitates free movement of stocks and shares from an industry or region to another, e.g., Karachi Stock Exchange, Lahore Stock Exchange etc.
iv) Stock & Shares Market: it is an organized market for buying for investments. It facilitates free movement of stocks and shares from an industry or reign to another, e.g., Karachi Stock Exchange, Lahore Stock Exchange etc.

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