Why do we go to market?

Why do we go to market?

Market is a place where all your basic needs are available. So, we go to the market to fulfil our necessities and requirements. We go to markets to buy the things needed by us which fulfills iur daily requirements .

Who earns the maximum profit in the garment export business?

The highest-paid among the workers are the tailors who get about Rs. 3,000 per month.

Why do people go to weekly market?

people go to weekly market because , they get things at cheaper rates . most things that they need are available at one place. they don’t need to go at different areas to buy different things. the vegetables can get in cheaper price.

Why are the poor exploited in the market?

Consumers often get exploited in the markets because of following reasons: Limited competition and supplies in market. Increased supply of duplicate products. Unethical and monopolistic trade practises of businessmen.

What are Neighbourhood markets?

Neighbourhood Markets These are the shops or vendors present near our homes, on a nearly permanent basis. These include medicine shops or grocery shops near our homes, as well as a vegetable selling vendor who sells his produce every day of the week.

What is marketing in short?

Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company.

What do you do in a market apart from buying and selling?

Answer. Answer: when we go to market apart from shopping we can see various people some are suffering some are happily shopping we feel pithy especially beggers and we can get to no new items in market and can get to know about the real life of the word .

What do you mean by 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. Traders set up shops for the day and then shut them up in the evening. Then they usually set up at a different place the next day.

What are the advantages of Neighbourhood markets?

Shops in the neighbourhood are useful in many ways. They are near our home and we can go there on any day of the week. Usually, the buyer and seller know each other and these shops also provide goods on credit. This means that you can pay for the purchases later, as we saw in Sujata’s case, for example.

What are the reasons that the business person is able to make a huge profit in the market?

The reason that a business person is able to make a huge profit in market is that on the one hand the poor depend on the rich for various things because they possess all means of production, capital and on the other hand the business person carries his business on his own terms and any failure to meet their demands are …

Who takes large profit in market?

These large stores do business strictly on their own terms. They demand the lowest prices from the supplier and sell the products by making huge profits. In addition, they set high standards for quality of production and timely delivery. Thus, we can say, the foreign businessperson makes huge profits in the market.

What is the basic meaning of market?

Definition: A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market.

What are the advantages and disadvantages of weekly market?

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 market and its types?

Physical Markets – Physical market is a set up where buyers can physically meet the sellers and purchase the desired merchandise from them in exchange of money. Financial Market – Market dealing with the exchange of liquid assets (money) is called a financial market. …

What are the advantage of weekly market?

Advantages of weekly market – definition More choice for buyers: Many sellers sell the same product. Thus buyer has more choice to buy things. Convenience: Since variety of goods are available at one place, it is very convenient for the buyer.

Why do we need a market in our Neighbourhood?

Neighbourhood Markets Many shops are permanent and some are temporary like hawkers and vendors. The major advantages of these markets are that they are in the vicinity of our homes, there is an understanding between the buyer and the seller and we can get products on credit.

What kind of market do we visit short answer?

Answer: Weekly markets. Neighbourhood shops. Shopping complex and malls.