Compare the price of a plastic bucket from a weekly market and a mall. What are the reasons behind the difference in price and why?


In a weekly market, plastic bucket is sold at a lower price but in mall we have to pay a higher price for the same thing.

The reasons behind the difference in price is that the goods are cheaper in weekly market as no expenditure is incurred on maintaining permanent shops like rent, electricity, etc. The customers are also free to bargain.

In weekly market the shopkeeper stores his goods at home and transports and sells them himself or with the assistance of the members of his family. On the other hand, mall have a chain store, whose owner spends a lot of money on decorating, maintaining and stocking it. That is why goods are costlier in mall.