1.

How many types of traders are there in bazaars?

Answer»

Those middlemen, who are in between the producers of goods and the consumers of goods are known as traders. 

Traders are of two types:

1. Wholesale traders – Those traders who buy goods in bulk from producers and then sell it to small traders are known as wholesale traders. 

2. Retail traders – Retail traders are directly associated with the consumers. They sell their goods to the consumers. These types of traders sell their goods in villages/colonies, weekly bazaars and shopping complexes.



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