A weekly market is so called because it is held on a specific day of the week. Weekly markets do not have permanent shops. Traders set up shops for the day and then close them up in the evening.
A weekly market, also known as a weekly bazaar or haat, is a traditional marketplace that typically operates once a week, usually on a specific day of the week. These markets are common in many countries and are often held in rural areas, small towns, and even urban neighborhoods.
Many things in weekly markets are available at cheaper rates because: They don't have shops or permanent buildings. Therefore, they don't have to pay rent, electricity and other expenses. They don't have to pay wages to their workers.
What is the difference between weekly market and retail market?
Final Answer:
In summary, Weekly Markets are temporary, community-focused, and feature local vendors, while Shopping Complexes are permanent, commercial spaces with a variety of retail options.
Why is a weekly market called so and how do they work?
A weekly market is so called because it is held on a specific day of the week. Weekly markets do not have permanent shops. Traders set up shops for the day and then close them up in the evening.
How are weekly markets different from permanent shops?
(i) Weekly markets are held, on a certain day of the week, where traders do not have permanent shops. (ii) The price of goods at the weekly market is cheaper because the seller does not have to pay rent of the shops, electricity bills, helper's wage, etc.
Many things in weekly markets are available at cheaper rates. This is because when shops are in permanent buildings, they incur a lof of expenditure - they have to pay rent, electricity, fees to the government. They also have to pay wages to their workers.
1) Weekly markets are not permanent structures rather they are held once a week. 2) The goods sold in weekly markets may not be of superior quality. 3) Exchange of goods is not possible in these markets as the seller may or may not put up the stall in that area on the assigned day.
The shop owners in a weekly market are small traders with littlemoney to run the shop but the owners of shopping complexes or malls are big businessman, with a lot of money. One thing is clear that the weekly market trader earns little compared to the profit of a regular shop owner in a shopping complex.
Answer:Small traders are the sellers in a weekly market. Big business persons are not found in a weekly market because of their large shops permanently fixed at a place. It is not convenient to shift the shop from place to place daily.
1. *Weekly Markets*: Held at a specific location, usually outdoors or in a designated market area, on a particular day of the week. 2. *Neighborhood Shops*: Permanently located in a fixed spot, usually along streets or in shopping complexes, and remain open on most days.
It's a place where many vendors come together to sell handmade or vintage items. You might visit the flea market if you want to find an antique lamp for your bedroom. A marketplace that rents spaces to a variety of sellers is a flea market, also known as a bazaar or a swap meet. Flea markets can be indoors or outdoors.
LA Market Week is the West Coast's premier fashion trade show for contemporary apparel and accessories in the wholesale and e-commerce space. Make the most of your LA Market Week and check out the all of what The New Mart has to offer. We are open all year long.
In the weekly market, the farmers themselves sell their goods to the actual customers in the market, so the farmers get a fair price for their goods. As the number of middlemen is reduced, the consumer also gets the goods at a fair price. Therefore, weekly markets benefit both farmers and consumers.
What is the difference between a weekly market and a shopping complex?
The weekly market has no permanent stores. A shopping complex is another market in the city area which has many shops. Many urban areas have large, multi-story air-conditioned buildings with shops on different floors. They are called malls.
Access Class 7 Social Science Chapter 7 - Markets Around Us Notes. A market is where buyers & sellers are involved in sale and purchase of goods. It establishes a good link between the producer and the consumer.
Markets are an important part of the economy. They allow a space where governments, businesses, and individuals can buy and sell their goods and services. But that's not all. They help determine the pricing of goods and services and inject much-needed liquidity into the economy.
The term "chain market" typically refers to a network or system of interconnected markets, businesses, or supply chains that work together to produce, distribute, and sell goods or services to consumers.
Answer. Sujata carries a notebook to get the amount written by the trader as she has purchased goods on credit. This system is useful for those who have a low monthly income.
