Energy prices took a drastic nosedive this Sunday, with a staggering 28% reduction in the wholesale market. Consumers will benefit...
Wholesale Market
A wholesale market is a type of marketplace where goods are sold in large quantities at lower prices, primarily to retailers, commercial businesses, or other wholesalers rather than to individual consumers. In contrast to retail markets, which cater to end-users and typically offer goods in smaller amounts at higher prices, wholesale markets facilitate bulk transactions. These markets serve as a critical hub in the supply chain by connecting manufacturers and producers with businesses that need to purchase large amounts of products for resale or distribution. Wholesale markets may focus on specific types of goods, such as food, textiles, electronics, or other categories, and often operate on a membership or registration basis to ensure that buyers are legitimately engaged in retail or commercial activities. Prices in wholesale markets are often negotiable and can fluctuate based on supply and demand dynamics.