Answer:
arkets Around Us
1. Why are goods cheap in a weekly market? (2 m)
Many things in weekly markets are available at cheaper rates because: They don’t have shops or permanent buildings. So they don’t have to pay rent, electricity
and other expenses. They don’t have to pay wages to their workers.
2. What are the different kinds of shops that we find in our neighbourhood and how are
they useful to us? (4 m)
There are many shops that sell goods and services in our neighbourhood. We may buy milk from the dairy, grocery from the departmental stores, etc. These shops are useful as they are near our home. We can go there on any day of the week. The buyers and sellers know each other and may provide different goods on credit.
3. Give reasons why branded goods are affordable only for a few people? (2 m)
Branded goods are affordable only for a few because of the following reasons: These goods are expensive as they are promoted by advertisement and claim of better
quality. Big companies sell their products through shops in large urban markets and through special
showrooms.
4. How does a hawker differ from a shop owner? (3 m)
Hawker Shop owner A hawker generally owns a’ thela’ or
cart which is a movable shop. A hawker provides door to door
service. He sells his goods at a minimum
profit.
A shop owner runs his shop at one
fixed place. Whenever we need anything we go
there and purchase it. Here, we get things at a somewhat
costlier rate.
5. Mention the purposes served by the chain of markets? (4 m)
The chain of markets serves the following purpose: There is no need for the factories to find consumers for their goods. Whole sellers buy directly from the producers. Several people get benefited and consumers get goods of their needs. The goods reach faraway places through the links of traders.
6. Explain how buying and selling takes place in different ways without going to market
place? (3 m) We can order goods that we need over the telephone and get their delivery. Over the internet, we can visit the concerned website and order the products. We can pay through internet banking or on the delivery of goods.
