Anika Nicole, Wordsmith, PG In Journalism, New York
Answered Apr 07, 2021
A periodic market (as the name suggests that is held after a period of time) is a lawful gathering of a public gathering of vendors who move from town to town at regular intervals. It is basically practiced in rural areas around the world.
Periodic markets are held at an appointed place in rural areas where no regular markets are available. It plays a major role in bridging the gap between social, economic, and isolated rural areas with urban and national socioeconomic systems.