market class

English

Noun

market class (plural market classes)

1. (agriculture) 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.
   • 1932, Lewis Cecil Gray, History of Agriculture in the Southern United States to 1860, Volume 2, Carnegie Institute of Washington, page 718:

     The evolution of the cotton market was greatly facilitated by the gradual development of recognized market classes and grades.

See also

• market segment