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What are Weekly Markets?

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  • Last Updated : 11 Jul, 2022
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In a market, items are bought and sold by both buyers and sellers. By doing so, a connection is made between the company and the customers. We visit the market to purchase a variety of goods, including fruits, vegetables, soap, toothpaste, masala, bread, rice, dal, garments, notepads, cookies, and more. If we made a list of everything we buy, it would be quite lengthy. For our daily requirements, we may go to a variety of markets, such as stores, vendor stalls in our area, a weekly market, a sizable shopping center, or even a mall. Inside this part, we examine a few of these marketplaces in an attempt to clarify how the products offered there reach consumers, as well as who the consumers are, who the sellers are, and what kinds of issues they deal with.

Weekly markets

Since it takes place on a particular day of the week, a market is referred to as a weekly market. Weekly markets lack a stable retail business. Merchants open their stores in the market during the daytime and close them at night. The next day, they could set up shop somewhere else. In India, there are thousands of these marketplaces. People gather here to meet their daily needs.

A weekly market offers many items at discounted prices. Weekly markets provide the advantage of having the majority of necessities in one location.

The prices of many items during weekly markets are reduced. This is due to the fact that businesses that are located in permanent structures must spend a lot of money on things like rent, power, and government taxes. They must also pay their employees’ salaries. These business owners store the goods they sell at their homes in weekly marketplaces. The majority of them do not need to recruit employees since they receive assistance from their family members.

Additionally, there are a lot of stores selling the same items at weekly markets, thus there is competition among them. People would move to another store where the identical item would be offered for less money or where the consumer might bargain and bring the price down if a merchant charged a high price.

Weekly markets provide the advantage of having the majority of our needs met in one location. We may get everything we need here, including food, fabric items, cutlery, and veggies. We don’t need to travel to several locations to purchase various items. People also like visiting a market when they have a range of options for purchasing things.

Sample Questions

Question 1: What is the market useful for?

Answer:

In a market, items are bought and sold by both buyers and sellers. By doing so, a connection is made between the company and the customers. We visit the market to purchase a variety of goods, including fruits, vegetables, soap, toothpaste, masala, bread, rice, dal, garments, notepads, cookies, and more.

For our daily requirements, we may go to a variety of markets, such as stores, vendor stalls in our area, a weekly market, a sizable shopping center, or even a mall. Inside this part, we examine a few of these marketplaces in an attempt to clarify how the products offered there reach consumers, as well as who the consumers are, who the sellers are, and what kinds of issues they deal with.

Question 2: What is a weekly market as mentioned above?

Answer:

Since it takes place on a particular day of the week, a market is referred to as a weekly market. Weekly markets lack a stable retail business. Merchants open their stores in the market during the daytime and close them at night. The next day, they could set up shop somewhere else. In India, there are thousands of these marketplaces. People gather here to meet their daily needs.

Questions 3: How are prices appear in weekly markets and employment?

Answer:

The prices of many items during weekly markets are reduced. This is due to the fact that businesses that are located in permanent structures must spend a lot of money on things like rent, power, and government taxes. They must also pay their employees’ salaries. These business owners store the goods they sell at their homes in weekly marketplaces. The majority of them do not need to recruit employees since they receive assistance from their family members.

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