Building a commodity market: infrastructure and market conjuncture.

Relevance. In modern economic conditions, subject to significant transformations of commercial relations, the role of the commodity market as a sphere of circulation increases. The study of its structural and market-forming elements plays a significant role in ensuring the effective adaptation of production and sales systems to market demand, which determines the relevance of this article. The purpose of the study was to analyze the regulatory and scientific approaches to determining the essence of the commodity market, assessing the structure-forming elements that form its infrastructure, as well as the market situation. The objectives of the study are reduced to systematizing the definitions of the concept of "commodity market" and forming the author's own vision of terminology, determining the place of the consumer market within the commodity market, drawing up a diagram of the market infrastructure and systematizing market-forming factors. Methodology. The methodological base was made up of methods of field (desk) research, as well as methods for forming a conceptual and terminological system. Results. The conducted research presented scientific approaches to understanding the term "commodity market", presented the author's formulation of this definition, compiled schemes of infrastructure elements of the commodity market, analyzed the market-forming factors and determined their relationship within the functioning sphere of commodity exchange. Conclusions. It was established that it is the infrastructure and the market situation of the commodity market that are indicators of the degree of its development, as well as the level of implementation of entrepreneurial initiative in the direction of organizing and implementing commodity exchange transactions. The level of compliance of the commodity supply with market demand, the possibility of fully satisfying consumer needs depend on the rationality of building the infrastructure of the commodity market, as well as the optimality of the current economic situation.

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