Question

2. Compare and contrast a weekly market and a shopping complex on the following: Buyers Market Sellers Kind of goods sold Prices of goods Weekly market Shopping complex​

Answer 1

Answer:

• A $\bf{weekly~ market}$ 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; then they may set up at a different place the next day. Many things like vegetables, baskets, clothes, etc. in weekly markets are available at cheaper rates. One of the advantages of weekly markets is that most things you need are available at one place. Weekly markets also have a large number of shops selling the same goods which means there is competition among them. If some trader were to charge a high price, people would move to another shop where the same thing may be available at a cheaper price or where the buyer can bargain and bring the price down.

• $\bf{Shopping~ complexes}$ are other markets in the urban area that have many shops. In many urban areas, there are large multi-storeyed air-conditioned buildings with shops on different floors. These are known as malls. In these urban markets, we get both branded and non-branded goods. The branded goods available at malls are expensive and claim of better quality. The companies producing these products sell them through shops in large urban markets and, at times, through special showrooms. Fewer people can afford to buy branded ones.

Answer 2

Answer:

Answer:

A \bf{weekly~ market}weekly market 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; then they may set up at a different place the next day. Many things like vegetables, baskets, clothes, etc. in weekly markets are available at cheaper rates. One of the advantages of weekly markets is that most things you need are available at one place. Weekly markets also have a large number of shops selling the same goods which means there is competition among them. If some trader were to charge a high price, people would move to another shop where the same thing may be available at a cheaper price or where the buyer can bargain and bring the price down.

\bf{Shopping~ complexes}Shopping complexes are other markets in the urban area that have many shops. In many urban areas, there are large multi-storeyed air-conditioned buildings with shops on different floors. These are known as malls. In these urban markets, we get both branded and non-branded goods. The branded goods available at malls are expensive and claim of better quality. The companies producing these products sell them through shops in large urban markets and, at times, through special showrooms. Fewer people can afford to buy branded ones.

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Explanation:

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