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Question
Why do people go to a weekly market? Give three reasons.
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Solution
People go to weekly markets because of the following reasons:
- Most of the things they need are available in one place.
- There is competition among sellers because of a large number of shops selling the same goods. It provides an opportunity for buyers to bargain.
- Many things in weekly markets are available at cheaper rates.
RELATED QUESTIONS
Compare and contrast a weekly market and a shopping complex on the following:
| Market | Kind of goods sold | Prices of goods | Sellers | Buyers |
| Weekly market | ||||
| Shopping complex |
Very Short Type Question:
Why is a weekly market called so?
Very Short Type Question:
Why is there a competition among the shops in the weekly market?
Very Short Type Question:
Who is Sameer? What does he do?
Very Short Type Question:
Where are goods produced?
Very Short Type Question:
What is done in the wholesale markets?
Short Type Question:
How are shop owners in a weekly market and those in a shopping complex very different people?
Who are the sellers in a weekly market? Why don’t we find big business persons in these markets?
Why are things cheap in the weekly market?
Explain with an example how people bargain in the market. Can you think of a situation where the bargain would be unfair?
