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 consumers. From the above instance, we come to the conclusion that from factories to final consumers a chain is formed, which we may call a chain of markets. Web26 de fev. de 2024 · Explanation: 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.... The chain serves the purpose of bringing the goods from the producers, who live in far off areas, to consumers in towns and cities.
Explain how a chain of markets is formed. What purpose does it …
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. mount sinai faculty handbook voluntary
7th Class Social Science Markets Around Us - StudyAdda
Web5 de out. de 2024 · 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. 4. Web22 de jan. de 2024 · Q7. 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. ... The chain serves the purpose of bringing the goods from the producers, who live in far off areas, to consumers in towns and cities. Web28 de jan. de 2024 · A chain of markets is formed when an increasing number of companies come together to form a single market. This is done to increase the efficiency … mount sinai express care at 1190 fifth avenue