Explain how a chain of market is formed?
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Question: Explain how a chain of market is formed?
A chain of markets is formed when an increasing number of companies come together to form a single market. This is done to increase the efficiency and reach of the market by creating different layers of the chain. Each layer includes companies that are linked together, providing services or products, and the chain ends with the consumer. In the chain of markets, each company in the chain is influenced by and is connected to the preceding company or the preceding product or service. As the chain grows, it forms a network of connected companies and products. This network helps to bring customers and businesses together, creating an efficient market where consumers have a greater choice of products and services, and businesses have more opportunities to succeed.
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