Question

When is the weekly market held on?
A) Daily basis
B) Specific week of the month
C) Specific day of the week
D) None of these

Answer 1

Hint:
Weekly market held on a specific day of the week. They do not have permanent shops, for example, vegetable markets, fruit shops, small utensils shops etc.

Complete answer:
A weekly market is called so in light of the fact that it is hung on a particular day of the week. Weekly markets do not don't have lasting shops. Merchants or Traders set up shops at day and close them up at night. There are a large number of such business sectors in India. They have a high rivalry.
Weekly markets have the following features-
1) Cheaper Rates
2) Family run
3) High Competition
One of the significant things is that there are cheaper rates in week after week showcases as though many things in the weekly market are accessible at less expensive rates in light of the fact that there are no shops or perpetual structures. No consumption or additional costs or instalments like to pay lease, power and different costs. The retailers store the things they sell at home. Generally, they are helped by the relatives/family members and subsequently they don't utilize outside individuals. Henceforth, they set aside the cash spent as wages to laborers. They have countless vendors selling similar products at the same spot. Selling things at a lower cost will be desirable over individuals to purchase.
Since these business sectors have an enormous number of shops selling a similar thing, there is high rivalry among them. Thus, if a vendor charges a higher sum for a thing, purchasers will purchase from another dealer who either charges a lower rate or permits the purchaser to deal somewhat.

Thus, option (C) is correct.

Note:
Nowadays it isn't important for the customers to go to the market like week after week markets or neighborhood shops and so forth (which have a particular area and season of working) to purchase things. Traders set up shops for the day and then shut them up in the evening. At that point, they generally set up at a better place the following day.