market class
noun1
Agriculture, Business, Lifestyle A commodity, usually produced on farms and part of a larger category. Products within a market class have similar physical characteristics, are grown or raised under similar conditions, and are bought and sold under similar terms and conditions.
- The evolution of the cotton market was greatly facilitated by the gradual development of recognized market classes and grades.1932, Lewis Cecil Gray, History of Agriculture in the Southern United States to 1860, Volume 2, Carnegie Institute of Washington, page 718:
- Related terms
- market segment