Study

markets around us

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  • TRUE OR FALSE Shopping complexes are made in rural areas.
    False
  • TRUE OR FALSE We have temporary and permanent shops in our neighbourhood.
    True
  • TRUE OR FALSE Shops ill the neighbourhood provide goods even on credit.
    True
  • Why is there a competition among the shops in the weekly market?
    In a weekly market there are many shops selling the same goods which creates competition among them
  • A weekly market trader earns little compared to regular shopkeeper.
    True
  • What is wholesale market?
    This is a place where goods first reach and are then supplied to other traders.
  • What is a series of markets that is connected like links in a chain because products ‘ pass from one market
    Chain of market
  • Shopkeepers in a weekly market are small traders
    small traders
  • From where can we buy the medicines?
    Chemist shop
  • Why are goods sold in permanent shops costlier than those sold in the weekly markets or by roadside hawkers?
    This is because when shops are in permanent buildings, they incur a lot of expenditure – they have to pay rent, electricity, fees to the government. They also h
  • It is necessary to go to market to purchase goods.
    FALSE
  • Why don’t we buy directly from the factory or from the farm?
    We don’t buy directly from the factory or from the farm because producers would not be interested in selling us small quantities such as one kilo of vegetables
  • Why is weekly market called so?
    Because it is held on a specific day of the week
  • What is an enclosed shopping space in shops, restaurants and cinema theatres?
    Mall
  • What type of items are sold in the malls?
    expensive and branded
  • What different refer to buying and selling in large quantities?
    Wholesale
  • Where is the largest wholesaling vegetable market in Delhi?
    Azadpur
  • Traders are a link between ………….. and ……………
    producers and consumers
  • The road side hawkers sell a large building with many floors having
    vegetables fruits plastic items
  • Who is a retailer? Give some examples.
    The trader, who finally sells goods to the consumer, is the retailer. This could be a trader in a weekly market, a hawker in the neighbourhood or a shop in a sh
  • Why is a wholesale trader necessary?
    The people in between the producer and the final consumer are the traders. The wholesale trader first buys goods in large quantities. These will then be sold to
  • Why branded goods are expensive as compared to non-branded goods?
    Branded goods are often promoted by advertising, which costs a lot and thus they are expensive
  • A wholesale trader sells the goods to a ………………
    retailer
  • Name some roadside stalls.
    vegetable hawker, the fruit vendor and the mechanic.
  • How buyers are differently placed?
    . Buyers are differently placed. There are many who are not able to afford the cheapest of goods while others are busy shopping in malls
  • A weekly market trader earns little compared to regular shopkeeper.
    True