A weekly market is so-called because it is held on a specific day of the week.
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.. Traders set up shops for the day and then shut them up in the evening. Then they usually set up at a different place the next day.
Cheaper rates in weekly markets
Many things in weekly markets are available at cheaper rates due to the following reasons
- No shops or permanent buildings. No expenditure or extra expenses like to pay rent, electricity and other expenses.
- No pay wages to their workers.
- They have a large number of sellers selling the same goods. Selling things at a lower price will be preferable.