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why are the things cheaper in the weekly market
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why are the things cheaper in the weekly market Related: Chapter Note...
Goods are not packed and branded .buyer can bargain and bring the price down. shop expenditure is not there. buyer can move to another shop for same thing in cheap price .all things are available at one place .
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why are the things cheaper in the weekly market Related: Chapter Note...


Reasons why things are cheaper in the weekly market:

- Direct sales: In weekly markets, products are often sold directly from the producer to the consumer, cutting out middlemen and reducing costs.

- Lower overhead costs: Weekly markets are usually temporary setups that do not incur high fixed costs like rent or utilities, allowing vendors to offer lower prices.

- Competition: The presence of multiple vendors selling similar products in a small space creates competition, leading to lower prices as sellers try to attract customers.

- Seasonal produce: In weekly markets, you are more likely to find seasonal produce which is abundant and therefore cheaper compared to supermarkets.

- Reduced packaging costs: Vendors in weekly markets often sell products in bulk or with minimal packaging, saving on packaging costs which can be passed on to the customers.

- Direct feedback: Customers in weekly markets can provide direct feedback to vendors, allowing them to adjust their pricing based on demand and customer preferences.

- Flexible pricing: Vendors in weekly markets may be more open to bargaining or offering discounts, leading to lower overall prices for consumers.

In conclusion, the combination of direct sales, lower overhead costs, competition, seasonal produce, reduced packaging costs, direct feedback, and flexible pricing contribute to the affordability of products in weekly markets compared to traditional retail outlets.
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Short Q&A:Q1: Why weekly markets are cheaper than permanent shops?Ans : Permanent shops have to incur a lot of expenditure like shop rent, electricity, fees to the government etc., but a weekly market shop owner don’t have to bear these expenses. Permanent shops holder also have to pay wages to their workers but weekly market shop owner have helpers from their family members, and thus they don’t need to hire workers. And are cheaper than permanent shops.Q2: Why Neighbourhood market is preferred by the Indians?Ans : Neighbourhood markets are near our house, one can go there at any day of the week. The buyers and sellers know each other and these shops also provide goods on credits,Q3: Differentiate between shopping complexes and malls.Ans : Markets mostly in urban areas having many shops are called shopping complexes. In many urban areas there are large multi-storeyed air conditioned building with shops on different floors, knows as malls.Q4: Establish relationship between the market and the inequality?Ans : Shop owner in weekly market and in shopping complexes are different people. One is small trader with little money while other can spend lot of money. They also earn unequal amounts. Similarly buyers are also different, there are many who are not able to afford the cheapest goods while buys only branded items from shopping malls. Thus it forms an inequality amongst people.Q5: Differentiate between permanent and temporary shops.Ans : Permanent shops contains goods that are expensive in comparison to goods of temporary shops. Permanent shops store the things they sell in their shops but temporary shops owner store goods to be sold at their home. Long Q & A : Q1: What is a chain of market? Do you think that everyone gains equally in the market?Ans:A series of markets that are connected like links forms chain of market. Products passes from one market to another. Shop owner in weekly market and in shopping complexes are different people. One is small trader with little money while other can spend lot of money. They also earn unequal amounts. Similarly buyers are also different, there are many who are not able to afford the cheapest goods while buys only branded items from shopping malls. Everyone do not get equally in a market. Individual answer. Related: Short and Long Question Answers - Market Around Us?

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