Study

markets around us

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  • A weekly market trader earns little compared to regular shopkeeper.
    True
  • TRUE OR FALSE We have temporary and permanent shops in our neighbourhood.
    True
  • 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
  • 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
  • What type of items are sold in the malls?
    expensive and branded
  • The road side hawkers sell a large building with many floors having
    vegetables fruits plastic items
  • 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
  • From where can we buy the medicines?
    Chemist shop
  • It is necessary to go to market to purchase goods.
    FALSE
  • 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
  • Where is the largest wholesaling vegetable market in Delhi?
    Azadpur
  • What is an enclosed shopping space in shops, restaurants and cinema theatres?
    Mall
  • Shopkeepers in a weekly market are small traders
    small traders
  • TRUE OR FALSE Shops ill the neighbourhood provide goods even on credit.
    True
  • What is wholesale market?
    This is a place where goods first reach and are then supplied to other traders.
  • What different refer to buying and selling in large quantities?
    Wholesale
  • 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
  • What is a series of markets that is connected like links in a chain because products ‘ pass from one market
    Chain of market
  • 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
  • Traders are a link between ………….. and ……………
    producers and consumers
  • Why is weekly market called so?
    Because it is held on a specific day of the week
  • A wholesale trader sells the goods to a ………………
    retailer
  • TRUE OR FALSE Shopping complexes are made in rural areas.
    False
  • Name some roadside stalls.
    vegetable hawker, the fruit vendor and the mechanic.
  • 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
  • A weekly market trader earns little compared to regular shopkeeper.
    True