Chain Of Markets
Chain Of Markets
Chain Of Markets: Goods are produced in factories, on farms and in homes. However, we don't buy directly from the factory or from the farm. Nor would the producers be interested in selling us small quantities such as one kilo of vegetables or one plastic mug.
The people in between the producer and the final consumer are the traders. The wholesale trader first buys goods in large quantities. These will then be sold to other traders. In these markets, buying and selling takes place between traders. It is through these links of traders that goods reach faraway places. The traders who finally sells this to the consumer, is the retailer. This could be a trader in a weekly market, a hawker in the neighborhood or a shop in a shopping complex.
Buying and selling of goods and services within a country is called __________________ | |||
| Right Option : D | |||
| View Explanation | |||
People who buy in bulk directly from the producers and sell in smaller lots to the shopkeepers are called __________________ | |||
| Right Option : A | |||
| View Explanation | |||
Goods are produced in ___________________ | |||
| Right Option : D | |||
| View Explanation | |||
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