retail markets

Retail markets are where products and services are sold directly to consumers. They include physical stores, online shops, and other outlets that serve end-users. Retailers purchase goods from manufacturers or wholesalers and then sell them at a higher price for individual use. These markets are essential for distributing a wide variety of goods, from clothing and electronics to groceries. They operate within supply chains and are influenced by factors like consumer demand, pricing strategies, and competition. Essentially, retail markets connect producers with consumers, fulfilling everyday shopping needs through accessible, convenient channels.