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Markets Around Us — Social Science STD 7 — Question

Rajasthan BoardEnglish MediumSTD 7Social ScienceMarkets Around Us5 Marks
Question
How is a chain of market formed?
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Answer

  1. Goods are manufactured in factories, on farms and in homes.
  2. The people in between, the producer and the final consumer are the traders.
  3. The wholesaler traders buy goods in large quantities.
  4. For instance, the vegetable wholesaler trader will not buy a few kilos of vegetables, but will buy in large quantities such as 25 to 100 kilos.
  5. These goods are then sold to other traders. In these markets, buying and selling take place between traders. It is through these links of traders that goods reach faraway places.
  6. The trader who finally sells it to the consumer is the retailer.
  7. There could be a trader in a weekly market, a hawker in the neighbourhood or a shopkeeper in the shopping complex. This is how a chain of market is created.

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