Why are the things cheap in the weekly markets?
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Many things in weekly markets are available at cheaper rates. This is because when shops are in permanent buildings, they incur a lot of expenditure – they have to pay rent, electricity, fees to the government.One of the advantages of weekly markets is that most things you need are available at one place.
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Things are cheap in the weekly market because of the following reasons :
- The shop owners don’t have to pay rent, electricity charges, and fees to the Government.
- They don’t hire workers and are helped by their family members.
- There are competition and bargaining because of a large number of shops selling the same goods. These bring the price down.
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