Question

Write a short note on ‘Position of buyers and seller market'.

Answer 1

On the Basis of Position of Buyers and Sellers:

1. Primary Market: This is a market in which primary producers (such as farmers) sell agricultural products to wholesalers or their representatives. It is the first stage in which goods pass from producers to intermediaries.
2. Secondary Market: This is a market where wholesalers sell their products to retailers. It is the second stage of the supply chain, in which commodities are transferred from wholesalers to retailers in smaller quantities.
3. Terminal Market: This is a market where retailers sell their products to consumers. It is the final or terminal stage of the distribution chain, where goods are delivered in small amounts to the end consumer.