What are the differences between wholesale and retail markets in terms of function and trade?

Wholesale markets deal in large quantities bought from producers and sold to retailers, often at lower unit prices and from warehouses or market yards.

• Retail markets sell smaller quantities directly to consumers, usually at higher per-unit prices and from shops or online stores.

· Wholesalers focus on supply chain efficiency and bulk handling; retailers focus on customer service, display and immediate availability for households.