3. Why is there a difference in prices between a wholesale and a retail market?
4. Mention three benefits of shopping in a weekly market.
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Answer:
the benefits of shopping in a weekly market are:
- the goods are cheaper here as not expenditure is incurred .
- people go to such market as most things of daily use are available at one place
- they do not have to go to different places to buy what they need.
Explanation:
3. wholesale:a buyer can save a lot of money by buying directly from wholesale market as the whole seller buys directly from the producers
retail market:the retailer sells the goods in small quantities number but at a higher price he or she buys from the wholesaler
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