Question

explain how are chain to market is formed.what purpose does it serve?

Answer 1

When a large number of producers sell the products to the consumers, it is called a chain of market

Explanation:

• All the products are made in factories and consumers cannot buy them directly .
• These products are bought by a large number of traders at wholesale .
• These act as the bright between the producers and consumers .
• Final products are sold through these traders to the final consumers .

Learn more about types of markets here:

What is market?

What are the different kinds of market?

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Answer 2

Explanation:

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. 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.

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