Every Tuesday, I see people flocking in an open space close to my house to purchase vegetables and fruits for their daily needs. You could hear bargains happening in very loud noises and in some cases a dispute too. After the early morning rush, the next rush is seen by mid-day, where mostly ladies come to purchase things that are required and again the bargaining deals happen to be much louder than what was heard during the morning hours. Then by evening is when the next major activity happens. This happens regularly on Tuesdays routine for people like us who live nearby to visit this place. i)Identify this type of market being discussed in above paragraph? ii) Why do people bargain in such places? iii)List two advantages of shopping from such places?Explain how a chain of markets is formed. What purpose does it serve?
Answers
Explanation:
Every Tuesday, I see people flocking in an open space close to my house to purchase vegetables and fruits for their daily needs. You could hear bargains happening in very loud noises and in some cases a dispute too. After the early morning rush, the next rush is seen by mid-day, where mostly ladies come to purchase things that are required and again the bargaining deals happen to be much louder than what was heard during the morning hours. Then by evening is when the next major activity happens. This happens regularly on Tuesdays routine for people like us who live nearby to visit this place. i)Identify this type of market being discussed in above paragraph? ii) Why do people bargain in such places? iii)List two advantages of shopping from such places?Explain how a chain of markets is formed. What purpose does it serve?