Question

what are the merits and demerits credit offered by the shops in the neighborhood ​

Answer 1

advantages of shops in the neighbourhood hence we can go for our purchases on any day of the week at our convenience. Flexibility: since the buyer and seller know each other these shops give goods on credit also. Hence payment can be made later also. In other words, there is flexibility regarding payment.

Hope it helps you.

Answer 2

Answer:

Advantages of shops in the neighbourhood. Proximity: As the name suggests these shops are in our neighbourhood and hence close to our homes. Open all days: These shops, unlike weekly markets, operate on all days. Flexibility: Since the buyer and seller know each other these shops give goods on credit also.