Answer to Question #247744 in Microeconomics for Varu

Question

About petty shopper explain

Answer 1

The Petty shops segment plays a pivotal role in the economy of the country in terms of

poverty alleviation and employment generation. This sector helps in generating income for a

large section of population which is otherwise uneducated and unemployed. Petty shop

segment helps in creating self-employment opportunities.

Petty shops provide a continuous flow of income to jobless in the society.