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a)
i. Retailers – people/traders who buy goods (from producers/wholesalers) and sell them to the final consumer/specialize in retailing.
ii. Wholesalers –people/traders that buy goods in large quantities/bulk (from producers/distributors) and sell them to other traders/in large quantities/bulk/specialize in wholesaling.
iii. Co-operative societies – an organization (formed by people with common problems/interests) that buys/collects goods/produce (at fair prices) from the members/farmers and sells to other traders/final consumers/members.
iv. Marketing boards/government agents –government organizations/public corporations (formed/owned by the government) that collect/buy goods/produce from the farmers/producers (at fair/good prices) and sell to other traders/final consumer/find a market for the goods.
v. Producer’s/manufacture’s own retail outlets-that are retail shops/businesses that are owned/controlled by the producers/manufactures for selling their products to the final consumer.
vi. Producer’s /manufacturer’s appointed agents-people/agents/traders selected/chosen by the producer/manufacturer to sell their goods (to other traders/final consumers).
vii. (General/commission) agents/Brokers
viii. -traders who (collect and )sell other people’s goods at a commission/without owning the goods.
b)
i. People can get what they cannot produce from other producers.
ii. Creation of peace/mutual understanding/cooperation as people meet/interact during trade/exchange of goods/services.
iii. High quality goods are produced due to competition/use of modern/improved technology/machines/specialization.
iv. A variety of goods/services are produced for consumers to choose from.
v. Producers are able to dispose off/sell their surplus goods that could otherwise go to waste.
vi. People are able to earn an income/profit which they can use to get what they need/improve their standards of living.
vii. Employment is created that makes people earn an income.
viii. There’s better use of resources in the country leading to increased production.
ix. Leads to improved infrastructure that allows for easier/faster movement of goods/people/accept examples of improved infrastructure as explanation. good roads, railways etc.
x. The government earns revenue/Tax which is used to provide goods/services to the public.
xi. Large quantities of goods are produced making the goods easily accessible/cheaper/due to use of better/improved technology.
steve williams answered the question on December 30, 2017 at 06:33
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