Question 372019EconomicsWAEC
Middlemen are made up of
A
manufacturers, wholesalers and consumers
B
manufacturers, wholesalers and retailers
C
wholesalers, retailers and hawkers
D
wholesalers, retailers and consumers
Step-by-Step Explanation
Middlemen are intermediaries in the distribution process who facilitate the movement of goods from producers to consumers. They include wholesalers, who buy in bulk and sell to retailers, and retailers, who sell directly to consumers, as well as hawkers, who sell goods in smaller quantities directly to the public. These entities play a crucial role in bridging the gap between production and consumption, ensuring that products reach the end users efficiently.