Question

Explain how a chain of markets is formed. What purpose does it serve? very short answers

Answer 1

It helps us to get our necessities.

Answer 2

Explanation:

A series of markets that are connected like links in a chain as products pass from one market to another is called the chain of markets.

In other words, it is the people in between the producers and consumers who are the traders.

The wholesaler first buys the goods in large quantities.

The retailer buys from the wholesaler and sells it to the consumer.

The chain of markets can be direct or indirect heaps the consumer's convenience in the view and it provides employment to a large number of people.