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who are sellers in the weekly market?why don't we find big business person s in these markets?
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who are sellers in the weekly market?why don't we find big business pe...
Traders set shops in the morming and close them in the evening.There are no big business people because everything is sold in a very fair amount
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who are sellers in the weekly market?why don't we find big business pe...
Sellers in the weekly market are typically small-scale local vendors who sell a variety of goods and products. These markets are characterized by their informal and temporary nature, with stalls or booths set up for a limited period of time, often once a week. Here are some reasons why big business persons are not found in these markets:

1. Informal Economy: Weekly markets are part of the informal economy, where transactions are conducted without formal contracts or legal protections. Big business persons generally operate within the formal sector, complying with regulations and paying taxes. They may find it challenging to adapt to the informal nature of the weekly markets.

2. Cost and Profit Margins: Big business persons often deal with high volumes of products and require significant infrastructure and resources to operate. Weekly markets, on the other hand, have limited space and attract a smaller customer base. The cost-benefit analysis may not favor big business persons, as the profit margins may not justify their involvement.

3. Flexibility and Adaptability: Weekly markets require vendors to be flexible and adaptable to changing customer demands and preferences. Big business persons often have standardized products and operating procedures, which may not align with the dynamic nature of these markets. They may find it challenging to adjust their operations to cater to the specific needs of the local customers.

4. Local Connections: Weekly markets thrive on local connections and community relationships. Vendors in these markets often have established ties with the local population and understand the preferences and tastes of their customers. Big business persons may lack the personal touch and familiarity that is valued in these markets, making it difficult for them to establish a customer base.

5. Competition: Weekly markets are often filled with numerous small-scale vendors selling similar products. This intense competition, coupled with the limited customer base, can make it challenging for big business persons to establish a strong presence and compete effectively.

In summary, the informal and localized nature of weekly markets, coupled with the specific requirements and characteristics of these markets, make it less attractive for big business persons to participate. The cost-benefit analysis, adaptability, local connections, and competition are some factors that contribute to the absence of big business persons in these markets.
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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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who are sellers in the weekly market?why don't we find big business person s in these markets? Related: Chapter Notes - Markets Around Us?
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