Question

geography question
i hope you give me correct answer​

Answer 1

1. A retailer is a person or business that you purchase goods from. Retailers typically don't manufacture their own items. They purchase goods from a manufacturer or a wholesaler and sell these goods to consumers in small quantities.
2. Wholesaling is selling of goods in large quantities but at lower prices for selling the goods at a profit. Wholesaling is buying goods in bulk quantity at discounted rate and selling to the retailer at higher price.
3. A market is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services
4. Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
5. Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers.
6. Visible trade, in economics, exchange of physically tangible goods between countries, involving the export, import, and re-export of goods at various stages of production. It is distinguished from invisible trade, which involves the export and import of physically intangible items such as services.
7. An invisible trade is an international transaction that does not include an exchange of tangible goods. In fact, any transaction that is associated with a value but not with physical goods could be called an invisible trade.