Economy, asked by hussainhammad013, 9 months ago

Guyss pls answer! And write about Shopkeeper plssss​

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Answered by MrfactSeries
1

Answer:

A shopkeeper, in a layman’s language is a seller of goods and services. He provides items of an economic value in exchange for its value in terms of money or some other universally accepted medium of exchange.

Without shopkeepers, no economy can take a proper shape. Without them, the economy will come to a standstill because it is the demand and supply of goods and services by the shopkeepers that regulates the economy.

In the modern economy it is not necessary for the seller to have a physical presence.

Shopkeeper can basically operate from the comfort of their homes just by establishing a network for their goods to reach the customer. But not every seller of goods and services is a shopkeeper.

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