How is a weekly market different from a shopping complex or neighborhood shops?
Answer Expert Verified 1) A weekly market is called weekly market because it is held on a specific day of the week while shopping complex runs daily on a specific time schedule. 4) A weekly market is run by small vendors while a shopping complex is run by big shopkeepers.
How weekly market is different from shops in nearby?
Markets held on a weekly basis are known as weekly markets and they do not have permanent shops. The products here are cheaper because the do not have to incur expenses like wages pf workers, electricity. These shop owners sell things they produce at home and are helped by their family members.
What is a weekly market?
Answer: A weekly market is so-called because it is held on a specific day of the week. Weekly market held on a specific day of the week. They do not have permanent shops, for example, vegetable markets, fruit shops, small utensils shops etc.. Traders set up shops for the day and then shut them up in the evening.
What is the difference between weekly market and the market around us?
Answer: Weekly markets are makeshift, local markets that are set up on the same day of the week, every week, in localities and neighbourhoods. These markets are very popular because they sell products that are cheaper than their much expensive counterparts sold in the malls.
What are the disadvantages of Neighbourhood market?
The disadvantages of the shops in the neighbourhood include:
- The area become congested and busy as more and more people come to buy commodities from the neighbourhood shops.
- The shops remain filled with customers as nobody feels like going far away for getting the needed goods.
Why are things cheap in the weekly market?
A weekly market is so called because it is held on a specific day of the week. 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.
What are the two major types of markets?
Answer: Two Major Types of Markets • Consumer Market — All the individuals or households that want goods and services for personal use and have the resources to buy them. Business-to-Business (B2B) — Individuals and organizations that buy goods and services to use in production or to sell, rent, or supply to others.
What are the 3 types of market?
3 ‘Types’ Of Markets Every Entrepreneur Should Know About
- New Markets.
- Existing Markets.
- Clone Markets.
What are the advantages of Weekly Market Class 7?
Advantages of weekly markets
- One stop shop: All the items are available under one roof.
- More choice for buyers: Since there are many sellers selling the same product, the buyer has a choice regarding who to buy from.
- Convenience: Since a high variety of goods is available, it is very convenient for the buyer.
What is the main advantage of weekly market?
Advantages of weekly market – definition One stop shop: All the items are available at one place. Buyers do not have to go to different places for different goods. This saves their time and money. More choice for buyers: Many sellers sell the same product.
Why are things cheaper in the weekly market Class 7?
Answer: Things in a weekly market are cheaper because: Shopkeepers do not spend much in terms of rent for shop, electricity, wages to workers or packaging of goods. The sellers store goods at home and have vehicles to move around.
What are different types of markets Class 7?
Types of Markets
- Weekly Markets.
- Neighbourhood Markets.
- Shopping Complexes or Malls.
- Online Market.
- Wholesale Market.
- Markets and Inequality.
What are different types of market?
The five major market system types are Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Monopsony.
Who is a retailer Class 7?
Answer: A retailer is a small trader who buys goods from the wholesale trader and sells this to the consumer. 9. Who is Aftab?
What is a chain of markets Class 7?
Answer: A chain of markets is formed when a number of traders supply goods from the producers to the consumers. We thus have wholesale markets where other dealers buy the goods in bulk. These dealers then sell the goods in weekly markets to consumers and thus a chain of markets is formed.
What is the importance of chain of Market Class 7?
(ii) A chain of market serves the purpose of producer and consumers. Because neither a producer can sell a small quantity of goods to an individual consumer nor an individual consumer can buy large quantity of goods from producers. So, wholesale traders, retailers, etc. are required to link the producers and consumers.
In what way is a hawker different from a shop owner Class 7?
Question 1: In what ways is a hawker different from a shop owner? Answer: Hawkers do not have permanent shops whereas shop owners have permanent shops. They generally sell items like vegetables and fruits. Their income levels are less than that of shop owners.
How is Hawker different from a shop owner?
Hawkers do not have permanent shops whereas shop owners have permanent shops. They generally sell a product like vegetables and fruits. Their income levels are less than that of shop owners. Even the expenses (like rent electricity, wages to workers, etc.)
What are the major ideas expressed by Kabir?
Major ideas expressed by Kabir and his way of expressing them:
- Rejection of orthodox religion and religious traditions.
- Religion was is accessible to all.
- Criticism of all external worship of Brahmanical Hinduism and Islam.
- No caste system.
- Belief in formless God.
- Bhakti and devotion is the only path of salvation.
What is difference between a hawker and a shopkeeper?
In easy words , Hawker is the one who sells his goods by going home to home like the vegetable seller who comes to your home but Shopkeeper is the one who owns a shop and sells his goods there . The person who owns a toy shop is a shopkeeper .