Choose the below statement is true/false;

We buy goods at cheaper rates in the weekly markets.

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True

False

answer is A.

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Detailed Solution

The above statement is True.
A weekly market takes place on the same day each week. Weekly markets don't have shops that stay open all the time. Traders open their shops in the morning and close them in the evening. The next day, they moved the shops to a different place. There are a lot of these shops in India. These help people with their everyday needs. Many things can be bought for less money at weekly markets. Because these shops aren't always there, they don't have to pay for rent, electricity, and government fees. Since many shops sell the same things, there is a lot of competition between them. So, if a seller wants to charge more for an item, people will buy from someone else who either charges less or is willing to negotiate to some degree.

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