What is the chain of markets? How does it affect the price of goods?
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Moreover, longer the supply chain, the higher the cost of processing the commodity. However, the cost of the supply chain is directly related to the price of goods. Thus, if the cost of the supply chain increases then the price of the commodity also increases or vice versa.
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Explanation:
A chain of markets is formed when producers supply goods to the whole salers and whole salers solds in our locall market . We as a consumers buy it from local market.
It makes a chain and if any particular action take place here it affects whole chain.
Mainly the cost of goods rises due to long transportation.
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