Weekly Market Flashcards
Give 3 reasons why people go to weekly markets
1) Most things you need are available at one place
2) Many things in weekly markets are available at
cheaper rates
3) As many shops sell the same items, customers can go to another shop if a trader sells an item at a high price, this also allows the customer to bargain
Who are the sellers in a weekly
market?
Small traders
Why don’t we find big
business persons in these
markets?
As big buissnesses set up their shops permanently, its not convinient to keep shifting location
Why are things cheap in the
weekly market?
1) Since they dont set up permanent shops, thy dont have to pay for rent, electricity etc.
2)Most of them are helped
by their family members and, hence, do not need to
hire workers
3)Weekly markets also have a large
number of shops selling the same goods which means
there is competition among them.
Can
you think of a situation where the
bargain would be unfair?
Bargaining at fixed rate shops.
Any other relavent answer
Usually, who are the buyers at weekly markets
Usually customer at weekly markets are people who live near the marketplace
What kinds of goods are sold in a weekly market
Different items of everyday use such as-
readymade clothes, vegetables, grocceries,cloth items, utensils etc
When do marketplaces usually get good buissness
Marketplaces get good buissness during festival times such as deepavali or pongal
Why do sellers in a weekly market not hire workers
They usually dont need to hire workers as they are helped by family members
