Question

Explain in brief about weekly market and permanent market with their advantages.​

Answer 1

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A weekly market is held on a specific day of the week. Permanent shops are not there in weekly markets. Traders set up a shop for the day and in the evening they close it. They set up the shops in another location the next day.

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Answer 2

Answer:

Weekly market -

A weekly market is held on a specific day of the week. Permanent shops are not there in weekly markets. ... They set up the shops in another location the next day. In India, there are thousands of such shops.

ADVANTAGES OF WEEKLY MARKET -

One stop shop: All the items are available at one place. Buyers do not have to go to different places for different goods. This saves their time and money.

More choice for buyers: Many sellers sell the same product. Thus buyer has more choice to buy things.

Convenience: Since variety of goods are available at one place, it is very convenient for the buyer.

A market is a regular gathering place for people, for the selling and buying provisions, livestock, and other commodities. Here goods are offered by the sellers in exchange for money from buyers. There are three types of market:

1. Weekly markets

2. Neighbourhood shops

3. Shopping complex and malls