what do we learn from this chapter? explain chain of markets
- The chapter discusses about the mechanisms of market, The agents of markets, the market chain etc.
- The Chain market can be understood from the following :
The areas for wholesale markets are where goods first reach and are then supplied to other traders. The roadside hawker purchase a large quantity of items from a wholesale trader in the town. He, in turn, buys these from another, even bigger wholesale trader in the city. The city wholesale trader buys a large quantity of plastic items from the factory and stored them in a godown. In this way, a chain of markets is set up. The illustration is below: