Chain of Markets — Key Points (copy)

Consumers pay a high price for goods; some may not be able to pay for certain goods, making prices __ for some consumers.

unaffordable

Farmers and craftspeople earn __ despite hard work.

very little

Mangoes are cheaper in __ during harvest time.

summer

Farmers cannot store mangoes to sell when prices are __; middlemen can hold and sell later.

high

By selling in smaller quantities, middlemen can create a __ and push prices higher.

shortage

Not all middlemen earn the same __; larger shops can earn more than small grocery stores.

profits

Markets need rules to ensure producers and sellers earn __ profits and consumers can buy quality products at affordable prices.

reasonable

The initial suppliers of goods, such as farmers or craftspeople, are known as __.

producers

The role of __ is to act as intermediaries in the supply chain, purchasing goods from producers and supplying them to consumers.

middlemen

Middlemen might have the means to __ goods and sell them when prices are high.

store