Bazaar economies feature an apparently flexible price-setting mechanism that sits atop more enduring ties of shared culture. Both the buyer and seller are aware of each other’s ① restrictions In Delhi’s bazaars, buyers and sellers can ② assess to a large extent the financial constraints that other actors have in their everyday life. Each actor belonging to a specific economic class understands what the other sees as a necessity and a luxury. In the case of electronic products like video games, they are not a ③ necessity at the same level as other household purchases such as food items. So, the seller in Delhi’s bazaars is careful not to directly ask for very ④ low prices for video games because at no point will the buyer see possession of them as an absolute necessity. Access to this type of knowledge establishes a price consensus by relating to each other’s preferences and limitations of belonging to a ⑤ similar cultural and economic universe.

* constraint: 압박 ** consensus: 일치