Explain the markets around us. How these markets are accessible by different group of people?
Answers
We do not see equality in the market. Reasons can be cited as follows:
Big and powerful business persons earn huge profits while small traders earn very little. For example, the shop owners in a weekly market and those in a shopping complex are two different people. One is a small trader who has little money to run the shop. Whereas the other has a lot of money to spend on the shop.
The earning of these two people is also unequal. The weekly market trader earns little profit whereas the shopping complex owner gains huge income.
Not only the shop owners are different people, but also the buyers. In the market we see different types of buyers There are several buyers who were not able to afford even the cheapest of goods white others are busy shopping for different luxurious items in malls.
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What are the different types of markets around us?
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Types of Markets
Weekly Markets.
Neighbourhood Markets.
Shopping Complexes or Malls.
Online Market.
Wholesale Market.
Markets and Inequality.