What are the advantages of weekly market?(Any five)
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Explanation:
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Answer:
WEEKLY MARKET - DEFINITION
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.
SALIENT FEATURES OF WEEKLY MARKETS - DEFINITION
Following are the salient features of weekly markets:
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.
ADVANTAGES OF WEEKLY MARKET - DEFINITION
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.