In developed parts of the world, retailing employs between 7 percent and 12 percent of the workforce and wields enormous power over manufacturers and consumers.

Question

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In developed countries, the retail sector is a significant part of the economy, employing a substantial portion of the workforce. It acts as a crucial intermediary between manufacturers and consumers, influencing both supply and demand, product availability, and pricing, thereby wielding considerable power within the market.

In Developed Parts of the World, Retailing Employs Between 7