What is the difference between wholesale and retail?

Answer

Wholesale is the price that retailers pay for items from the suppliers. Retail is the price that consumers pay for items from retailers. Wholesale is cheaper as retailers buy items. A retail store sells individual items to the public. A wholesaler sells pallets of items to the retailer.
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2 Additional Answers
Retail refers to the selling of goods directly to the end consumer while wholesale refers to selling of goods in large quantities to retailers. In wholesale goods are sold in large quantities while retail involves the sale of commodities in smaller quantities.
The difference between wholesale and retail is that wholesale implies to bulk manufacturing and selling, whereas retail implies to far fewer numbers, especially where sales are concerned.
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