Highlight the characteristics off sellers and buyers of a small shop and big malls *5 marks*
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SMALL SHOPS
⍟ Sellers :
⋆ Less profit
⋆ Less investment
⋆ Low price products sold
⋆ Cover limited people
⋆ Afford limited labor
⍟ Buyers :
⋆ Get limited facilities
⋆ Have to even bargain sometimes
⋆ Can afford only low priced products i.e. from small shops
BIG MALLS
⍟ Sellers :
⋆ High profit
⋆ High investment
⋆ Hight price products sold
⋆ Can afford large and branded labor
⋆ People come across the city
⍟ Buyers :
⋆ Get high quality products
⋆ Can afford expensive products
⋆ Only the rich can afford to buy
Additional info :
A market is a place in a society from where one can obtain all the basic and other products for daily requirement.
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Seafairy:
Perfect :)
Thanks ^-^
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