WebThey are the people who come in between the producer and the final consumer. They first buy goods in bulk. Then they sell these goods to the retailers, who finally sell this to the … Web29 de abr. de 2016 · A chain of markets is formed when a number of traders supply goods from the producers to the customers. We have wholesale markets where the dealers buy goods in bulk at low prices and sell those goods in weekly markets to the consumers. This creates a chain of the market.
What is chain of market with example? – TeachersCollegesj
WebExplain how a market chain is formed. When a group of traders transports goods from producers to consumers, they constitute a market chain. As a result, wholesale markets exist where other dealers can purchase things in bulk. These dealers then sell the goods … WebAnswer: A series of markets that are connected like links in a chain because products pass from one market to another. It is formed starting from wholesale markets to retail shops. Short Answer Questions. 1. What are the unique features of a weekly market? Answer: (i) A weekly market is so-called as it is held on a specific day of the week. dura-tech scratchless trailer bucket bag
Markets Definition, Examples, Diagrams - Toppr
WebQuestion 3: Explain how a chain of markets is formed. What purpose does it serve? Answer: (i) A chain of markets begins from wholesale markets to retail shop owners who sell directly to the consumers. In between wholesale markets and retailers, there are medium and big traders. For example, a hawker or retailer purchases plastic items from … Web30 de jun. de 2010 · 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. The chain serves the purpose of bringing the goods from the producers, who live in far off areas, to consumers in towns and cities. Web30 de nov. de 2024 · 10 people found it helpful. Maryadrina. A chain of markets is formed starting from wholesale markets to retail shop owners who sell directly to the … crypto boba