Chapter 7. Markets Around US

Weekly Markets
• A weekly market is a market that is held on a specific day of week.
• Weekly markets do not have permanent shops.
• Many things in weekly markets are available at cheaper rates because they do not have to pay rent and other expenditures.
• Weekly markets have a large number of shops selling same goods, which means there is competition among them.
• One of advantages of weekly markets is that most things are available in one place, and a variety of products can be found.

Shopping Complexes and Malls
• markets in urban area that have many shops are known as shopping complexes.
• Large multi-storeyed air-conditioned buildings with shops on different floors in urban areas are called malls. We get both branded and non-branded goods in these markets.

Shops in Neighbourhood
• Shops present in our neighbourhood are mostly permanent. They are useful as they are near our homes.
• buyer and seller know each other, and these shops provide goods on credit.

Chain of Markets
• Goods are produced in factories, on farms, & in homes but, we do not buy directly from producers.
• people in between producer and final consumer are traders.
• wholesale trader buys goods in large quantities and then sells products to other traders.
• trader who finally sells this to consumer is retailer.
• Responsible Consumption and Production is one of Sustainable Development Goals of United Nation.

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