Factors affecting people’s access to the market

1. Retail market and wholesale markets are available around the year. Whenever there is a need to buy a certain product, the markets provide the customers with the items. There is a balance between the demand and supply of various goods

2. People prefer markets in the close vicinity of their area people’s access to markets also depends of the conveniences of the people access to market also depends on the convenience of the goods available.

3. In modern days people prefer to buy goods on easy instalments through finances it affects the markets as people prefer to buy on credit and pay in easy instalments.

4. Consumer satisfaction is very important for these manufacturers also offer good quality includes products as they also give top priority to consumers’ satisfaction.

5. To facilitate the availability of commodities within the reach of every section of the society price must be regarded properly. A consumer would be away from the markets if the prices are too high or not competitive.

By market, we usually mean a marketplace that is a place where the numbers of buyers and sellers meet and conduct buying and selling activities. It is a system that enables buyers and sellers to exchange goods and services. It may be an open area as a building where they meet to do this. This action of buying and selling goods or services is called Trade.