Question

list the merits and demerits of market traders

Answer 1

Merits and demerits of market traders.

Explanation:

Market traders are an independent institution in any economy. Like every other institution, market traders also have merits and demerits.

The merits of Market traders are as follows:

• They provide a specific place for the sellers and buyers to sell and buy their products.
• Traders fix the prices of commodities, so a standard price is available in the market.
• Traders keep things in a proper manner.
• Traders bridge the gap between the manufacturer and a customer.

The De-merits of Market traders are as follows:

• Traders always try to earn more profits, due to which they can fix very high prices sometimes.
• The traders also form unions and organizations that can openly harass the small producers.
• The traders can play with the psyche of the customers, and create fake demand.