WebMar 19, 2024 · They are the people who come in between the producer and the consumer. They first buy good in bu.lk. They sell these goods to the retailers, who finally sell this to the consumers. From the above inst.ance, we come to the conclusion that from factories to final consumers a chain is formed, which we may call a chain of markets. WebExplain how a chain of markets is formed. What purpose does it serve? Medium Solution Verified by Toppr Goods are produced in factories, Goods are also produced in farms …

Explain how a chain of markets is formed. What purpose

WebOct 10, 2024 · Chain of Markets serves the following purposes Factories and wholesalers need not find consumers of their goods. Several people get benefited. Consumers get … WebSolution: The chain of markets for milk production is as follows: (i) Dairy cooperatives purchase milk from dairy farmers at different locations. (ii) The milk is then transported to … fire watcher training johor

A chain of markets links the producer of cotton to the buyer at …

WebNov 5, 2024 · A chain of markets links the producer of cotton to the buyer at the supermarket. Buying and selling takes place at every step in the chain. There are people who make profits in the market and there are some who do not gain as much from this buying and selling. Despite their having toiled very hard workers earn little. WebFeb 16, 2024 · Explain the chain of market class 7 Advertisement Answer 1 person found it helpful STAVYABS Answer: Explanation: A chain of markets is formed when a … Goods are produced in factories, on farms and in homes. The people in between the producer and the final consumer are the traders. The wholesale trader first buys goods in large quantities. Then they sell it to other traders. Buying and selling take place between traders which helps goods to reach faraway places. … See more Weekly market held on a specific day of the week. They do not have permanent shops, for example, vegetable markets. Traders set up shops for the day and then close them up in the evening. Then they may set up at a … See more There are many shops that sell goods and services in our neighbourhoods. We buy milk from the dairy, groceries from departmental stores etc. Shops are permanent and are … See more It is not always necessary that one has to go to the market to purchase goods. You can place orders for a variety of things through the phone and the Internet. The goods get delivered … See more There are other markets in the urban area that have many shops popularly called shopping complexes. These are multi-storeyed air-conditioned buildings with shops on different … See more etsy mud cloth pillows