Market Around US

• WHAT IS A MARKET ?

  Commonly, market is a place having clothes, Groceries, etc. In exact terms market is a place in which sellers and buyers engaged in sale or purchase of goods. The buyers and sellers can meet in a shop, Mall or any other place in which the buyer will pay for the goods through mediums like cash, credit, mode etc.
• There are two types of market which are wholesale market and retail market. The wholesale market sell their goods at a lower price as they do not include the price of the taxes like employment , storage charges etc. They do not small quantities. They sell in bulk .
• The retailers buy the goods from the wholesale marketers. The sell in small quantities but at a higher price as the include the price of the taxes like investment of money and time , storage charges, profit on the good etc. If the goods are bought and the payment is not done right away, the retailer increases his margin on the goods . Every city has a wholesale market through which the retail as buy the goods.
• ON WHICH FACTORS THE PRICE OF THE GOODS IS DEPENDANT ?

  The price of the good is dependent on the demand by the consumers and supply by the producer. Remind me the consumers is the amount of the good they are willing to pay for. Apply is the amount of The Good the seller is Wellington put in the market. If the price of a good rises up the supply also Rises up and if the price of the good lower down the supply also decreases ..
• During the British rule they required cotton as a raw material in a huge amount . Then the cotton clothes were made and imported to India . This was a fatal blow to the Indian cotton industery .
• CONDITION OF INDIA'S FASHION INDUSTRY AFTER THE BRITISH RULE ?

  After independence , India's fashion industry has come along way . Our policies were aimed at reviving traditional crafts , setting up and safeguarding Indian Industry . As a India provides a suitable climate for the growth of cotton , export of cotton was encouraged . India is currently exporting garments all over the world . India is attracting people by setting up fashion shows for which the people from the fashion capitals also visit - Paris And Milan .
• WHAT ARE WEEKLY MARKETS ?

  Beside retail and weekly markets , there is another type of market known as weekly market . These markets set up on specific days and in town or cities . They open their shops on streets and in day and close them at night . Goods are also cheaper the costs of rent , electricity do not incur . People got to these markets as they provide a variety of products and the people donot need to go to different places . Moreover, the people are free to bargain .
• EXPLAIN HE CONCEPTS OF RETAIL GIANTS ?

  The market keeps changing all the time . The wholesellers are giving way to Retail giants like Vishal Mart , Shopperstop , Reliance Fresh and Big Bazaar etc , They gained popularity as they run chain stores in which they directly buy from the producers and sell them to the consumers . They sell the goods at a afforable price and a at a comfortable atmosphere .
• Most of the people prefer the shops to be in their neighbourhoods as they can visit them at any time . The shopkeepers and the consumers also know each other very well so the goods can be brouht at credit and the expenses can be given according to consumers wish .
• The owner of weekly market sets up his shop on specific days and store the goods at his home and deliver it himself or with the assistance of his family members . On the other hand the owners of the retail giants spend alot of money in maintaining and creating a good ambience in the shops . Both the shop owners spend and earn unequal amount of money .Similarly , the consumers also get discriminated as one may be able to buy goods from weekly market at a cheaper price and the another may be able to expensive goods from malls etc . This proves that both selling and buying depends on money !
• Markets also determine wages . In India there are many workers willing to get employed but the one's with the lowest demanded wages get employed . Competition among the workers tends to lower the wages . If a worker demands increase in the wage . the owner will simply replace him with a another one .
• A democratic government is committed to protect the interersts of sections of society . Otherwise equality will be meaningless . Our government has also taken steps like fixing the minimum wages of workers to fulfil their basic needs , besides opening employment exchanges - in which the unemployed employment desired people register names to get employed .