Question

Q7. Explain how a chain of markets is formed. What purpose does it serve?

Q8. In what ways was craft production in cities like Calcutta different from that in cities like

Thanjavur?​

Answer 1

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.

Q.8Craft production in cities like Calcutta was formally organized and planned by the European companies. In Thanjavur, the crafts persons were independent. Crafts persons in Calcutta were not free to sell their own crafts and textiles whereas in Thanjavur, the crafts persons were free to sell their products.

Answer 2

Explanation:

1.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

2.Craft production in cities like Calcutta was formally organized and planned by the European companies. In Thanjavur, the crafts persons were independent. Crafts persons in Calcutta were not free to sell their own crafts and textiles whereas in Thanjavur, the crafts persons were free to sell their products.