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WAEC Economics 2006 Question 10

Question 10

Distributive Trade

Middlemen in an economy perform the function of

  1. A.distribution
  2. B.exchange
  3. C.hoarding
  4. D.protection.
Show the answer and explanation

Answer: A (distribution)

Explanation

Wholesalers and retailers (middlemen) move goods from producers to consumers, i.e. distribution.