Local market in the system of national economy

The article investigates the issues of effective organization of local markets. The article provides a definition of product markets, their essence and function of filling market niches in the regional or any other economic system that allows it to be more flexible and resistant to external negative influences. The role of the local markets in the economic development of regions and cities is as an important link in the supply chain of the market that put their products and services to global and national markets to the final stage to ensure the specific needs of the population is explained.