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Question
Who are the sellers in a weekly market? Why don’t we find big business persons in these markets?
Solution
- Small traders are the sellers in a weekly market.
- Big business persons are not found in a weekly market because of their large shops permanently fixed in a place. It is not convenient to shift the shop from place to place daily.
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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?
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Who is Sameer? What does he do?
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Where are goods produced?
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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?
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Explain with an example how people bargain in the market. Can you think of a situation where the bargain would be unfair?
