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 ... 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.
Explain how a chain of markets is formed. What purpose does it …
Web3 de dez. de 2024 · vikrantsoni. ANS : A chain of markets is formedwhen a number of traders supply goods from the producers to the consumers. We thus have wholesalemarkets 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. Advertisement. 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. father and daughter drawing base
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WebLearn the concepts of Class 7 Civics Markets Around Us with ... Learn with Videos. Introduction to Market and its Types. 7 mins. Chain of Markets. 5 mins. Quick Summary With Stories. Markets around us. 3 mins read. Important Questions. What is meant by double coincidence of wants? Medium. View solution > Explain how 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 … Web2 de out. de 2024 · 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. We can … fresh sans theme underverse