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Markets Around Us — Social Studies STD 7 — Question

CBSE BoardEnglish MediumSTD 7Social StudiesMarkets Around Us3 Marks
Question
Why are weekly markets cheaper than other markets?
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Answer

  1. Weekly shops supply cheap products since they do not have permanent buildings. They do not have to pay rent or pay high electricity charges, etc.
  2. Moreover, most shop owners store things at home and are helped by family members. So, they don’t have to hire workers.
  3. Further, as there are many sellers of the same product, there is a competition and people are able to bargain.

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