Question

Why the price of commodity differs in shopping mall and local market

Answer 1

The reason why the price of commodity differs in a shopping mall and local market is as follows:

• The items that are sold in most shopping malls are of a high standard when compared to the items sold in the local market.
• Most of the shopping malls also pay higher costs of rent and taxes to the government, therefore the prices of their commodities are far expensive to commodities that are sold in a local market.

Shopping malls refers to large spaces with numerous stores that sell goods and service to the people. some shopping malls are big while some are small.

A local market refers to a place where people visits to buys locally made goods and services.

Answer 2

The price of a commodity differs in a shopping mall and local market because the products which are sold in the malls are mainly branded and imported which are sold at higher prices.

Explanation:

• Their quality and manufacturing process is different from that of the products sold in the local market.
• The branded items have gain popularity in recent times due to globalization replacing the local brands but not completely as much of the population in the country still can’t afford high-ended products.

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