Traditional markets involve direct bargaining between sellers and buyers in an environment that is often dirty and smelly. The prices in traditional markets are usually lower than in modern markets. While modern markets offer a cleaner and more organized shopping experience, they typically have higher prices. Both markets serve similar economic functions but differ substantially in their atmospheres, environments, pricing structures, and shopping processes. Modern markets now dominate urban areas as societies modernize.

1. TRADITIONAL MARKET AND
MODERN MARKET
English Economy
Detia Rosani B (03.01.13.348)
Accountancy

2. Traditional markets are where sellers
and buyers meet that accompanied the
transaction between the two. In the
traditional markets, sellers and buyers can
trade directly to bargaining activities. The
price offered in the traditional market are
usually more affordable and lower than in
the modern market. However due to lack of
stringent safeguard, make the market seem
daunting, especially for those living with
economic level above the standard.

3. The place is dirty, smelly, wet, damp, make
people a bit to make the traditional market
as the choice of shopping. However, do not
because from the many modern markets are
emerging, the traditional market was
forgotten even become a modern market.
Traditional markets can be used as a place
historic and is a keepsake in the future due
to increasing scarcity of traditional markets
to survive those days.

5. Even the modern market has meaning a
similar to traditional markets in terms of
its function. But the difference is
atmosphere, environment, price and
process. In the modern market between
sellers and buyers are not linked directly.
Price were higher even to very much
compared to traditional markets. Buyer
shop by looking at the price list provided or
without price tags or barcodes and can’t be
a bargain between them.

6. Modern market has wonderful atmosphere
with a neat arrangement of
architecture, cool, clean, marble floors etc.
In modern market also known as payment
using credit cards or cash cards which in
traditional market can’t be found.
Nowadays it is more difficult to find modern
markets, particularly in urban areas. Because
with the growing era of modernization, stood
many modern markets with a variety of
forms and the uniqueness of each.

8. Thank you for your
attention 