Question

Classify markets on the basis of geographical areas.

Answer 1

$\huge \mathfrak{♡Bonjour♡}$

1. Local Market:

Purchases and sale limited to a local area. e.g. a village,town or city.

2. Regional Market:

Buying and selling restricted to a particular region e.g. Northern India.

3. National Market:

Buying and selling restricted to a particular country e.g. India.

4. International Market:

Buying or selling beyond a particular country e.g. The European Union

$\huge \mathfrak{</strong><strong>♡</strong><strong>hope \: its \: help \: you</strong><strong>♡</strong><strong>}$

KEEP SMILING :)

Answer 2

$\huge\star\underline\mathtt\purple{Answer:-}$$<font color = purple>$

On the Basis of Geographic Location:-

Local Markets: In such a market the buyers and sellers are limited to the local region or area.

Regional Markets: These markets cover a wider are than local markets like a district, or a cluster of few smaller states.