Accommodation or users’ brief is a schedule and tabulation listing the space and facility requirements for the market. The brief is prepared in consultation with market users.
Assembly markets are larger rural markets where quantities of produce are traded (either by the producers themselves or by traders) and assembled for further transport to other markets.
Baseline surveys are undertaken before a market development in order to review the “without change” circumstances. An example might be a survey of market throughput.
Catchment area or sphere of influence is the area surrounding a central place that is economically provided with services or goods.
Central place is a village or town, with markets and shops, which provides the population of the surrounding area with goods and services.
Economic analysis is a way of looking at the worth of a development from the viewpoint of the whole economy, i.e. the general public interest or public good. These costs are adjusted to account for any distortions, such as subsidies, taxes and transfer payments.
Environmental impact assessment (EIA) is a process undertaken before a development starts to predict the adverse effects it could have on the natural and human environment.
Financial analysis looks at the viability or commercial worth of a development from the viewpoint of a private investor.
Internal rate of return (IRR) is the discount rate at which the discounted values are equal to zero. If the IRR is higher than the rate of return required from the development (usually 10-12 percent) then the development is viable.
Investment or capital costs are initial costs needed to fund an investment, including land, buildings, equipment, professional fees and bank charges.
Participatory rural appraisal is a survey method where the surveyor works with the community to collect and analyse the information.
Pilot survey is a preliminary survey undertaken to test whether a survey questionnaire has been properly designed.
Pitches are defined areas laid out on the market floor from which individual traders sell their produce.
Primary data is information that has to be collected through field surveys to fill data gaps.
Primary markets are small markets where the trade is characterized by direct sales of small quantities of produce by farmers to village traders and by farmers and retailers to rural consumers.
Rapid rural appraisal is a survey method where the surveyor visits the community in order to obtain information, which is taken away to be analysed.
Recurrent costs are all costs required to finance the operation of an investment, including staff salaries, utility costs (water, fuel, etc.), land taxes, building and equipment maintenance, loan repayments and interest on capital borrowed.
Secondary data is information that has already been collected and published by others.
Sustainability, in the context of markets, is the capacity to continue operating the market after capital funding has finished. This is invariably an issue of access to resources (obtained from revenues) for the maintenance and operation of the market facilities
