Final answer:
The five basic markets do not include 'intermediary markets' or 'tertiary markets'. Traditional economic models focus on goods and financial markets involving firms and households, while recent globalization and technological advances have expanded interactions in markets beyond local businesses.
Step-by-step explanation:
The five basic markets typically recognized in economics do not include 'intermediary markets' or 'tertiary markets'. Instead, the classical model of economic markets consists of firms in the goods market, firms in the financial market, households in the goods market, firms in the labor market, and households in the financial market. Advances in technology and globalization have expanded how markets function, with business-to-business websites facilitating international trade and competition.
Intermediary markets and tertiary markets, while they may exist in more complex economic models, are not considered among the basic markets which are connected by various flows such as goods, services, and financial resources in classic economic theory. These markets highlight the interconnected nature of modern economic activity, which have been influenced by technological advances and the globalization of trade.