what are traditional markets?
Answers
the market which is performed from many generation to generations are called traditional markets.
Explanation:
Traditional markets are the bazaars from where I buy my day to day items from, but from where my mom also used to buy her stuff, perhaps because her mom used to visit the same shops to buy her daily items. These markets serve the local people with their local needs and the retailer knows more about things like the seasonal trends in buying, cheap sources to gather products at discount, etc. than any new buyer.
Because he knows what the people living in his district need, and he's aware of the best source to avail them, he may sell those products that no famous brand sells in that area, but the products that caters to the day to day needs of the population in town.
Things that are exclusively available in a particular village, like a fruit or a particular fish that's found only in that area, and counts as a popular diet to the dwellers. We can say that the stuff that's manufactured locally, and is high in demand among the locales, for whatever reasons, might be sold in the traditional markets (i'm not sure about this). Because such items are not needed to be outsourced, they are priced reasonably, and is much cheaper than the same product sold by so called brands ( i said so called because the local people are unaware of them and the products that they buy in these markets from a known seller is more of a brand to them) . Also because products are locally sourced, their prices fluctuate due to various reasons, like unregulated, semi-regulated, or completely regulated (by the government) nature of the markets, or drought, famine (in case of food items). The prices are locally decided, and is subject to bargain most of the time.