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Question
Think of something common that we use. It could be sugar, tea, milk, pen, paper, pencil, etc. Discuss through what chain of markets this reaches you. Can you think of the people that help in the production or trade?
Short Note
Solution
- Sugar
- Chain of markets:
- Sugarcane growers - the farmers.
- Kanta (weighing Machine) and purchaser of sugarcane - Mill agent.
- Sugar mill.
- Wholesale Dealer {Trader).
- Retailer.
- Consumer.
- People that help in the production or trade of sugar:
- Farmers
- Millowner
- Workers
- Wholesaler
- Retailer
- Consumer.
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