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Why is a wholesale trader necessary? - Social Science

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Question

Why is a wholesale trader necessary?

Answer in Brief

Solution

A wholesale trader is necessary because we, the consumer and retailers cannot buy goods from the producers i.e., factories and farms located in distant places. Nor would the producers be interested in selling the retailers small quantities of goods. So, the wholesale traders act as a connecting link between the producers and the retailers.

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Chain of Markets
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Chapter 7: Markets Around Us - Intext Questions [Page 87]

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NCERT Social Science - Social and Political Life 2 [English] Class 7
Chapter 7 Markets Around Us
Intext Questions | Q 11. | Page 87
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