What are the advantages of weekly market?(Any five)
Answers
Advantages of weekly markets
- One stop shop: All the items are available under one roof. ...
- One stop shop: All the items are available under one roof. ...More choice for buyers: Since there are many sellers selling the same product, the buyer has a choice regarding who to buy from.
- One stop shop: All the items are available under one roof. ...More choice for buyers: Since there are many sellers selling the same product, the buyer has a choice regarding who to buy from.Convenience: Since a high variety of goods is available, it is very convenient for the buyer.
Answer:
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. In India, there are thousands of such shops. These cater to the everyday requirements of the people.
Cheaper Rates: Many items are available in the weekly markets at cheaper rates.
High Competition: There is high competition among shop owners.
Family run: The shop owners store the items they sell at home. They are helped by their family members. Hence they do not employ outside people.
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.