Question

why are traders as middlemen

Answer 1

Answer:

The middleman adds value by increasing the ease with which the producer is able to distribute their goods to consumers and increasing the ease with which consumers are able to obtain goods from producers. Most producers only have one or a few production locations but want to sell their goods over much wider areas

Answer 2

Answer:

The middleman adds value by increasing the ease with which the producer is able to distribute their goods to consumers and increasing the ease with which consumers are able to obtain goods from producers. Most producers only have one or a few production locations but want to sell their goods over much wider areas.