Social Sciences, asked by rabiyakahn, 11 months ago

what is the difference between a weekly market and a neighbourhood shop answer in very briefly

Answers

Answered by mamtasuman79
7

The products in weekly market are cheaper because the do not have to incur expenses like wages pf workers, electricity.These shop owners sell things they produce at home and are helped by their family members.

There are a number of shops selling the same products this means there is competition between shopkeepers which is profitable to the buyer who can buy products at a cheaper rate.

The major advantage of this market is that there is a huge variety of products and buyers do not have to go to different places or shops to buy different products.

Neighbourhood Markets

Neighbourhood shops are convenient for the public as they are open daily and various products are available at different shops. Many shops are permanent and some are temporary like hawkers and vendors.

The major advantages of these markets are that they are in the vicinity of our homes, there is an understanding between the buyer and the seller and we can get products on credit.

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