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Explain how a chain of markets …

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Explain how a chain of markets is formed. What purpose does it serve? Marks for this question:-2+2=4

Posted by Tiyasha Deb 3 years, 10 months ago

CBSE > Class 07 > Social Science

1 answers

Nikhil Tanwar 3 years, 9 months ago

Answer: A chain of markets is formed when a number of traders supply goods from the producers to the consumers. We thus have wholesale markets where other dealers buy the goods in bulk. These dealers then sell the goods in weekly markets to consumers and thus a chain of markets is formed.

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