The market is classified not only on its geographical spread but also on the nature of the goods exchanged.
1. Local market:
It refers to the products or services which are sold and bought in the place of their production. (Eg.) Fruits, Vegetables etc.2. Provincial market:
It arises when products or services are sold and bought in a restricted circle. (Eg.) : Provincial newspaper.3. National market:
It arises when products and services are sold and bought throughout a country. (Eg.) Tea, Coffee, Cement etc.4. International market:
It arises when products and services are sold and bought at the world level. (Eg.) Petrol, Gold etc.