Web8 de fev. de 2024 · The people who came in between the producers 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. WebAnswer: (i) A chain of markets is formed starting from wholesale markets to retail shop owners who sell directly to the consumers. In between wholesale markets and retailers …
Explain how a chain of markets is formed. What purpose does it …
WebThus it can be inferred that from factories to consumers, a chain is formed. This is called a chain of markets or market chain. It can be better understood from the flow chart given below: It is this market chain that maintains equilibrium in supply and demand of the economy. 4. ‘All persons have equal rights to visit any shop in a ... 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. tasty stuffed chicken breast
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Web10 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. Webfrom factories to final consumers a chain is formed, which we may call a chain of markets. We can better understand it through the flow chart given below: Factories/Farms Wholesale traders It serves great purpose. It maintains flow of money. It makes easy availability ofvarious items ofour daily use. It also promotes co-ordination in society. Q. 4. WebFrom 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. We can better understand it … tasty sub beverly ma