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NCERTExplained - markets around us

MARKETS AROUND US

WEEKLY MARKETS

Nature: These markets are temporary and dynamic. Traders set up stalls for a specific day in the week, catering to immediate local needs.

Advantages: Weekly markets often offer goods at cheaper rates because the overheads (like rent and wages) are less. The competition ensures a fair price for consumers.

Scope: They are versatile and provide an array of products, ranging from vegetables to utensils.

NEIGHBOURHOOD SHOPS

Nature: These are the stationary stores and stalls commonly seen in residential areas.

Advantages: They offer convenience due to their proximity. Many times, there’s a relationship of trust between the buyer and seller, which allows for credit purchases.

Variety: These range from permanent shops to temporary stalls, each catering to specific needs of the locals.

SHOPPING COMPLEXES AND MALLS

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