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  • Essay / Our local farmers market: bartering in the last free market economy...

    Our local farmers market: bartering in the last free market economy during the month of DecemberThe farmers market is located at heart of downtown Hilo; it attracts customers thanks to local products, these products have made the farmers' market a popular tourist destination. The agricultural market is constantly changing and competing with each other in one of the last examples of a market economy, which is why I chose this place. Over a period of three days at four different times (6:30 a.m., 12:00 p.m., 1:00 p.m. and 2:00 p.m.) during which I will record instances where the market buyer/trader attempts to barter or haggle to get the best deal. . This became important to me because my grandmother would set up her art at the local farmers market and sell it to the public, but the customers never wanted to pay full price. If you've never walked through the farmers' market, it's a relatively quiet place. under the banter between shopkeepers and shopkeepers also when shopkeepers practice their sales pitch to customers browsing. The farmers' market can only be described as a valley of white plastic tables supporting all the goods people bring. Black awnings provide shade for the network of pedestrians and their valuables, but don't think it will be cool; even though it is an open-air market, there is greater humidity, making the fruit more susceptible to pockets of fruit flies lingering there. The products are brought by traders from all over the island, they bring what they sell and sell what they trade, once they run out or have had enough for the day they pack up and return home and prepare for the market the next day. There are nine hours of operation at the farmers market and it is important because of the hospitality of a gracious consumer. In conclusion, bartering is a lost art form that was practiced and popular in civilizations that valued exchange. During my three days of fieldwork, I found that the principles of bartering and bargaining appear more often among people with lower economic status than among those who can afford the product in its entirety. This happens because citizens who have nothing to exchange or who lack funds rely, on the other hand, either on hospitality or on persuasion; those with enough foreign exchange in the agricultural market would not need to think of anything to try to get a better deal. If I had more time/opportunity to explore this further, I would like to know if customers build rapport in order to gain reciprocity between specific sales moguls during their next visits to the farmers market..