how is the work of traders important? Discuss with examples from your life.
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Answered by
43
The work of traders is really very important because they help in transferring of commodities from one market to another within country or within foreign countries.
They provide stiff competition between producers of different countries by the process of exchange of goods and services. This increases the choice of goods and services among consumers. Same products have almost same prices in all the countries where they have been sold which favours the consumer.
The main importance is that they help in integration of different countries leading to globalisation.
They provide stiff competition between producers of different countries by the process of exchange of goods and services. This increases the choice of goods and services among consumers. Same products have almost same prices in all the countries where they have been sold which favours the consumer.
The main importance is that they help in integration of different countries leading to globalisation.
Answered by
36
the work of traders is very important because it helps the society in following ways:
1.it creates jobs for people
2.it helps in economical growth
3.their job makes supplies of essensial goods.
1.it creates jobs for people
2.it helps in economical growth
3.their job makes supplies of essensial goods.
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