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    New Microsoft Word Document

    Uploaded by

    prajapatiaditya162
    1 views2 pages

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    1 views2 pages

    New Microsoft Word Document

    Uploaded by

    prajapatiaditya162

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    1. In what ways is a hawker different from a shop owner?

    Answer: A hawker provides door to door service. He sells his goods by calling out the names of his items. He
    generally owns a the which we may call a movable shop and keeps in it different items of our everyday use. 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.

    2. Compare and contrast a weekly market and a shopping complex on the following:

    3. Explain how a chain of markets is formed. What purpose does it serve?


    Answer: Goods are produced in factories, Goods are also produced in farms and in homes. But we are not required to
    go to factories or farms to buy goods of our need, because the producers are not interested in selling us small
    quantities. The wholesale traders do this job. They are the people who come in between the producer and the final
    consumer. They first buy goods in bulk. Then they sell these goods to the retailers, who finally sell this to the
    consumers.
    From the above instance we come to the conclusion that from factories to final consumers a chain is formed, which
    we may call a chain of markets. We can better understand it through the flow chart given below:

    It serves a great purpose. It maintains the flow of money. It makes easy availability of various items of our daily use. It
    also promotes coordination in society

    4. ‘All persons have equal rights to visit any shop in a marketplace.’ Do you think this is true of shops with
    expensive products? Explain with examples.
    Answer: It is true that all persons have equal rights to visit any shop in the marketplace. But this is not true of shops
    with expensive products. It is because of the following:

    1. People with high incomes can buy expensive products. Hence, these people go to the shops with expensive
    products and not the poor or people with low income.

    2. The low-income group people visit the shops or weekly markets to buy goods as these goods are available at
    cheaper rates.

    Examples:
    People with high income buy green vegetables from multiplexes or malls while poor people purchase green
    vegetables from small vegetable sellers or from hawkers.

    5. ‘Buying and selling can take place without going to a marketplace’. Explain this statement with the help of
    examples.
    Answer:
    It is correct that buying and selling can take place without going to a market place. It is done in the following manner.
    Examples:

     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.

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