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
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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