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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

Posted by Saksham Dedha 3 years, 9 months ago

CBSE > Class 07 > Social Science

2 answers

Rima Mai 3 years, 8 months ago

Goods are first produced in factories. Then the wholesalers buy the products in bulk directly from the producers and store them in godowns. Retailers from different parts of the city come to buy goods in smaller quantities from the wholesalers and sell them to the end consumers. The hawkers also purchase these goods either from a wholesaler or a retailer to sell them in different localities. In this way, a chain is formed from factories to consumers. This is called a chain of markets or market chain.

1Thank You

Muskan Mishra 3 years, 9 months ago

When a lot of traders work to make the products go from producers to consumers than a chain of market is formed. The purpose is that consumers do not have to go place to place for buy things.

2Thank You

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