Q. goods travel through a chain of consumer .explain
please tell answer
Answers
Answer:
answr
search
What would you like to ask?
7th
Civics
Markets Around Us
All about Markets
Explain how a chain of mark...
CIVICS
MEDIUM
Explain how a chain of markets is formed. What purpose does it serve?
Share
Study later
ANSWER
Goods are produced in factories, Goods are also produced in farms and in homes. But we are required to go to factories or farms to buy goods of our need Because the producers are not interested in selling us small quantities. The wholesale traders do this job. They are the people who come in between the producer and the consumer. They first buy good in bulk. 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. We can better understand it through the flow chart given below.
It serves great purpose. It maintains flow of money. It makes easy availability of various items of our daily use. It also promotes co-ordination in society.