Question

33.Identify the correct chain of markets from the given diagram:

(A) Producer->Wholesale dealer->Retailer->Hawkers-> Consumers

(B) Whole sale dealer->Producer->Hawkers

(C) Consumers->Retailers->Wholesale dealer->Producer

(D) Whole sale dealer->Producer->Producer​

Answer 1

Answer:

A is the correct option for this question

Answer 2

Answer:

OPTION(A) Producer->Wholesale dealer->Retailer->Hawkers-> Consumers is correct answer.

Explanation for correct answer  option(a):

correct answer is,

Producer->Wholesale dealer->Retailer->Hawkers-> Consumers

The person who produce a product, we call it as producer.

Wholesale dealers  is person who buy the products or goods from the producers and sell it to the retailers.

Retailer is a person who buys product from wholesale dealers and sell it to the hawkers.

Hawkers is a person who buys product from retailers and sell it to the of their customers whose are the individual or group of people.

Consumers are the person who directly use the product which is produced by producer. but the can't buy a product from the producer.

This is the chain of market.

Explanation for incorrect answer  option(b):

option(b) is,

Whole sale dealer->Producer->Hawkers

it's incorrect , because Whole sale dealer is customer of producer in chain of market.

Explanation for incorrect answer  option(c):

Option(c) is,

Consumers->Retailers->Wholesale dealer->Producer

it's incorrect, because consumers are the person who directly use the product which is produced by producer. they need to be present at last in chain of market.

Explanation for incorrect answer  option(d):

option(d) is,

Whole sale dealer->Producer->Producer​

it's incorrect ,because  there is no consumer in this chain.