What Are the Different Types of Market Transactions?

Market type refers to the result of classifying the market according to the nature of the subject or consumer object of the market. The main characteristics of modern markets are: unity, openness, competition, and order. Voluntary principles, equality principles, mutual benefit principles, and business ethics are the market's trading principles.

Market type

To link the production, supply, and sales parties in the development of the commodity economy, and provide exchange places, exchange time and other exchange conditions for the production, supply, and sales parties, so as to realize the respective economic benefits of commodity producers, operators and consumers.

. Classification according to different market entities

(I) Classification by purchase purpose and identity of the purchaser

Consumer market

Producer market-industrial user market or industrial market

Reseller market-middlemen market

Government market

(Two), according to the role of the enterprise

Purchasing marketCompanies are buyers in the market, and they buy factors of production.

Sales market-The company is the seller in the market and sells its products.

(3) According to the condition of the supplier of the product or service (that is, the state of competition in the market)

perfect competitive market

Complete monopoly market

Imperfectly competitive market

Oligopoly market

. Divided according to the nature of consumer objects-divided according to different transaction objects

(I) Classification by the end use of the transaction object

Market of means of production

Subsistence market

(2) Classification of monopolistic competitive markets according to whether the transaction object has physical entities

Physical market

Invisible market

(3) Classification according to the specific content of the transaction object

Commodity market, technology market, labor market, financial market, information market

(4) According to human standards:

Women's market, children's market, senior market

By geographical standard (spatial standard): according to the geographical location of the market or the area where the goods are circulated

Domestic market: northern market, southern market, coastal market, ...

International markets: country and regional markets

(5) Classification according to different time standards in the market

Spot market

Futures market

Market factors

The market consists of all potential customers who have specific desires and needs and who are willing and able to meet this desire and demand in exchange.

Market = consumer subject × purchasing power × purchase desire

Key features of the modern market

Unified market

Significance: Not only enable consumers to have more choices in the price, variety and service of goods, but also enable enterprises to have better choices in purchasing factors of production and selling products

Open market

Significance: An open market can enable enterprises to compete and cooperate on a larger scale and at a higher level, and promote economic development

Competitive market

Competition refers to various self-protection and expansion actions taken by economic entities in order to safeguard and expand their own interests, and strive to create advantages in product quality, price, service, variety, etc.

Significance: Full market competition will make economic activities full of vitality and vitality

Orderly market

To improve the market supervision system combining administrative law enforcement, industry self-regulation, public opinion supervision, and mass participation

Significance: The orderly performance of the market guarantees equal competition and fair transactions, and protects the legitimate rights and interests of producers and consumers

Market trading principles

Voluntary Principle Equality Principle Mutual Benefit Principle Business Ethics