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JAMB Economics 2004 Question 13

Question 13

Distributive Trade

The movement of goods and services from the producers to the consumers is referred to as

  1. A.external trade
  2. B.the distribution chain
  3. C.the circular flow
  4. D.consumption
Show the answer and explanation

Answer: B (the distribution chain)

Explanation

The channel through which goods pass from producers to consumers (often via wholesalers and retailers) is the chain of distribution.