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1. Why do people go to a weekly market? Give three reasons.
2. Who are the sellers in a weekly market? Why don't we find big business persons in these markets?
3. Why are things cheap in the weekly market?
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1. Why do people go to a weekly market? Give three reasons.2. Who are ...
Reasons People Go to a Weekly Market
People visit weekly markets for several compelling reasons:
- Affordability: Weekly markets typically offer goods at lower prices compared to retail stores, making them accessible for budget-conscious shoppers.
- Variety of Products: These markets provide a diverse range of products, from fresh produce to handmade crafts, allowing customers to explore different options.
- Community Experience: Weekly markets foster a sense of community where people can socialize, support local vendors, and enjoy a lively atmosphere.
Sellers in a Weekly Market
The sellers in a weekly market are usually local vendors or small-scale entrepreneurs:
- Local Farmers and Artisans: Many sellers are individuals who grow their own produce or create handcrafted items, connecting directly with consumers.
- Small Business Owners: These sellers often run small businesses and rely on direct sales to sustain their livelihoods.
- Absence of Big Businesses: Big business persons usually don't participate in these markets because they operate on a larger scale, focusing on retail outlets or online sales where they can maintain a consistent brand presence and higher profit margins.
Why Things Are Cheap in Weekly Markets
Items in weekly markets are generally cheaper due to several factors:
- Lower Overheads: Vendors do not incur high costs associated with running a retail store, such as rent and utilities, allowing them to pass savings on to customers.
- Direct Sales: By selling directly to consumers, vendors eliminate middlemen, which reduces the overall cost of goods.
- Bulk Purchasing: Many sellers buy in bulk, allowing them to negotiate better prices with suppliers, which they can then offer to customers at a lower rate.
In conclusion, weekly markets serve as vibrant hubs for affordable shopping, community interaction, and support for local sellers, making them a popular choice for many shoppers.
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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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1. Why do people go to a weekly market? Give three reasons.2. Who are the sellers in a weekly market? Why don't we find big business persons in these markets?3. Why are things cheap in the weekly market?
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