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Q.

People engaged in [[1]] trade are called retailers.


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Detailed Solution

People engaged in retail trade are called retailers.
Wholesalers are traders who buy goods directly from manufacturers in large quantities. These wholesalers then sell their goods to retailers after adding a portion of their profit to the price. Retail traders buy goods from wholesalers and sell them directly to consumers. They buy goods in small quantities compared to wholesalers, but they have a wide variety of items.
 
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