who used to attend weekly market
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Answered by
5
Answer: Weekly markets have the following features:
Cheaper Rates: Many items are available in the weekly markets at cheaper rates. This is because since these shops are not permanent, they save on expenses such as rent, electricity and fees to the government.
Family run: The shop owners store the items they sell at home. Mostly, they are helped by the family members and hence they do not employ outside people. Hence they save the money spent as wages to workers.
High Competition: Since these markets have a large number of shops selling the same item, there is high competition among them. Hence if a seller charges a higher amount for an item, buyers will buy from another seller who either charges a lower rate or allows the buyer to bargain to some extent.
Cheaper Rates: Many items are available in the weekly markets at cheaper rates. This is because since these shops are not permanent, they save on expenses such as rent, electricity and fees to the government.
Family run: The shop owners store the items they sell at home. Mostly, they are helped by the family members and hence they do not employ outside people. Hence they save the money spent as wages to workers.
High Competition: Since these markets have a large number of shops selling the same item, there is high competition among them. Hence if a seller charges a higher amount for an item, buyers will buy from another seller who either charges a lower rate or allows the buyer to bargain to some extent.
Answered by
0
Answer:
The correct answer is
Peasants and artisans
Explanation:
- Weekly markets are held on weekly basis . There are no permanent shops in the market.
- Weekly markets are runned by small traders .
- Small traders will be moving from a place to place for the trade purpose
- The products cost less in the weekly markets.
- The peasants and artisan receive very low wages.
- In order to purchase the products for the cheaper price peasants and artisans prefer to visit weekly markets .
- They can buy the goods in smaller quantity too.
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