3. Differentiate between a wholesaler and a retailer with examples.
4. Why is black marketeering disadvantageous for the people in general
5. Give some examples of producers who are involved in the direct selling of the products. How
do they sell their products/
6. List the different types of markets that we find around us give examples of each.
Answers
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3. A wholesaler buys the product in bulk from the manufacturer and sell it to the retailer, who then sells it to the end-users. Wholesaler's main aim is to sell goods to businesses or retailers and they sell it further.
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4. It helps some people make plenty of money. The Illegal sales of human organs, for example, the sale of human kidneys have aided in saving some lives. Some people actually depend on black market for their daily bread.
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5. It helps some people make plenty of money. The Illegal sales of human organs, for example, the sale of human kidneys have aided in saving some lives. Some people actually depend on black market for their daily bread.
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6. Types of Markets
- Weekly Markets.
- Neighbourhood Markets.
- Shopping Complexes or Malls.
- Online Market.
- Wholesale Market.
- Markets and Inequality.
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