Question

classification of markerts on the basis of area​

Answer 1

Answer:

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Explanation:

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Answer 2

Classification of markets on the basis of geographic Location or area :-

• Local Markets: In such a market the buyers and sellers are limited to the local region or area. They usually sell perishable goods of daily use since the transport of such goods can be expensive.
• Regional Markets: These markets cover a wider are than local markets like a district, or a cluster of few smaller states
• National Market: This is when the demand for the goods is limited to one specific country. Or the government may not allow the trade of such goods outside national boundaries.
• International Market: When the demand for the product is international and the goods are also traded internationally in bulk quantities, we call it an international market.