Question

Who gain by exploiting the craftsmen and pay lower prices for their goods and services
a) Businessmen
b) Consumers
c) Buyers
d) Intermediaries
Sinto true or false.​

Answer 1

Answer:

d) Intermediaries

Intermediaries gain by exploiting the craftsmen and pay lower prices for their goods and services

Explanation:

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Answer 2

Intermediaries are those who exploit craftsmens and pay lower prices.

Option D is the correct answer.

• Intermediaries are those who act as a bridge between the producer and the consumer.
• They buy the products directly from the makers and sell them to the retailers on a profit margin.
• They are also called Middlemen in the trade cycle.
• They buy  at a cheaper cost and relatively sell them at a higher price. Here both the makers and consumers are being exploited.
• Producer - Intermediary - Consumer. In this chain, only intermediaries will be benefited more than the former and the latter.

Thus, Consumers can not demand a lower price because of the prevailing market demand. Producers can not demand a higher price for their produce because of the excess supply in the market. So, it is more favourable for the intermediaries to earn a good amount of revenue.