2.2 Dairy marketing systems in Ethiopia

Question

In the African context, markets for agricultural products would normally refer to market places (open spaces where commodities are traded). Conceptually, however, a market can be visualized as a process in which ownership of goods is transferred from sellers to buyers who may be final consumers or intermediaries. Therefore, markets involve sales, locations, sellers, buyers and transactions (Debrah and Berhanu 1991)?.replace recent citation

Answer 1

2.2 Dairy Marketing Systems in Ethiopia

In the African context, markets for agricultural products traditionally refer to physical marketplaces (open spaces where commodities are traded). Conceptually, however, a market can be understood as a process wherein ownership of goods is transferred from sellers to buyers, who may include final consumers or intermediaries. Therefore, markets encompass elements such as sales, locations, sellers, buyers, and transactions (FAO, 2022).