Middlemen refer to the intermediaries or agents that facilitate the movement of goods and services from the producer to the end-user. Middlemen can be made up of various entities, including manufacturers, wholesalers, retailers, and consumers, depending on the specific context.
In general, middlemen are involved in the distribution of goods and services from the point of production to the point of consumption. They help to bridge the gap between producers and consumers by performing functions such as transportation, storage, financing, and risk-taking.
In the context of the given options, middlemen are typically composed of wholesalers, retailers, and consumers. Wholesalers buy goods in bulk from manufacturers and sell them in smaller quantities to retailers, who in turn sell them to consumers. Consumers, on the other hand, buy goods for their personal use.
In summary, middlemen are intermediaries that facilitate the movement of goods and services from producers to end-users, and they can be made up of various entities depending on the specific context. In the given options, middlemen are typically composed of wholesalers, retailers, and consumers.