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Q.

Choose the statement as true/false:


A chain of markets links the producers to the buyer at the supermarket?


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
A chain of markets links the producers to the buyer at the supermarket.
The presence of markets is required to meet people's demands and even to keep the economy running. A call is a meeting place for producers and buyers to sell and buy items. As a result, a market chain connects the producers to the purchasers in the supermarket. This signifies that each stage is required to complete the chain. Buying and selling items is a part of every phase of this process. For example, the production process must begin on the farm to sell a garment at a store. A chain exists from the collection of cotton to the creation of yarn, which is subsequently transformed into a garment.
 
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