Classification of features of commodity markets

I Structure of a II Incomes’ level III Territorial IV Commodity

nation’s and the coverage branch

(country’s) character of

Economy their distribution

In the country

• markets with natural • nations with low • local • machinery and

Economy income equipment

• raw materials • nations with very • national • mineral raw

Markets of low income and materials and fuel

Exporting nations with very high

(countries) income levels

• markets of • nations with low, • regional • agricultural

Developing nations average and high commodities

(countries) levels of income

• markets of • nations for the most • worldwide • timber goods, etc.

Developed nations part with average

(countries) income level

Classification of features of commodity markets

V Sphere of social VI Character of VII Life period of VIII Organization,

Production final use goods structure of the

Market

• commodity market • markets of durable • markets of durables World market:

Of material goods a) open j

Production b) closed (locked)

• market of inventions • markets of c) preferential j

• market of spiritual • markets of nondurable goods Domestic market

and intellectual consumer goods • markets of a) wholesale

Values disposable goods b) retail

Figure 17.1. Classification of commodity markets

In addition to different criteria and classification systems of commodity markets the main parameters