It is closed to traffic jam during peak hours in town. Haggling over prices is a common practice at such markets. More and more goods laden vans arrive to start their brisk day of business.
Furthermore, most vendors have a hard life, trying to make both ends meet. Also we cannot always take it for granted that what consumer want is in his or her best interest. Becauseof that, a big crowd of customers will take a look and buy their products.
Major night markets often have agreements and contracts where the vendors pitch in for utilities such as electricity and water hook-up. Major problem is that to be most effective it needs some ideal environmental conditions like full, free and instantaneous availability of all relevant information to all buyers and sellers.
The rainbow-coloured parasols also colour up the night market. For example, a daytime store may normally sell herbs. You cannot touch, taste or smell what you are buying.
Night markets do not close, but the individual stalls may randomly take days off due to holidays, family illness, etc.
The night markets usually open around 6pm, and are busy until past midnight. The shouting and bargaining are enjoyed by both customers and hawkers. Shopping online provides a wider range of choices.
Sign up and see what it means to be a shopper in a super-saver-store. You can compare and select from a wide range world-wide without hassle. Thus monopolies and oligopolies develop, that may act against the interest of the consumer. Profit and return on investment are the main drivers of businesses.
You must carry what you buy. Then there are provisions like anti dumping laws. Nevertheless, everyone is in good mood.When a free market economy works, it both rewards and perpetuates innovation and hard work with success. However, the freedom allowed by a free market also makes it risky, and so it causes a lot of people to "lose." The advantages of a free market economy lead to economic growth and expansion during the business cycle.
Sep 09, · There are a number of advantages and disadvantages of niche marketing.
By definition, a niche market is a subset of a market on which a particular product is focused. Niche marketing defines product features, production qualities, demographics and price range to satisfy specific marketing needs.
It /5(12). Dynamism of a night market, Page 5 FINDINGS The Night Market -Physical Setting The night market being investigated was the night market at Jalan Dato Sagor in the town of Kuala Kangsar, in the state of Perak, Malaysia.
The night market was held once a week every Saturday. According to the local authority, the market had been in operation for. Night markets are commonly known as Pasar Malam by the locals, which literally means night market, "pasar" being related to "bazaar" in Persian or also the meaning "market" in.
A market economy has several advantages: Competition leads to efficiency because businesses that have fewer costs are more competitive and make more money. Innovation is encouraged because it provides a competitive edge and increases the chance for wealth.
Night market is a very unique place in our mi-centre.com of the locals and foreigners agree that night market is a wonderful feature in Malaysia because people from all walks of life could be seen mi-centre.comy,night markets open once a week and during mi-centre.com people goes there to experience the night market by themselves.