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Markets Around Us — Social Studies STD 7 — Question

CBSE BoardEnglish MediumSTD 7Social StudiesMarkets Around Us2 Marks
Question
What is effect of competition in weekly markets?
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Answer

Weekly markets have many shops selling same goods, so there is a competition between them. People have a choice to the vendor selling at low price. Thereby buyer can bargain and bring the price down.

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