Markets Around Us


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


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 great purpose. It maintains flow of money. It makes easy availability of various items of our daily use. It also promotes co-ordination in society.


Markets Around Us

Q 1.

Who is a retailer?

Q 2.

Where are goods produced?

Q 3.

How are buyers different people?

Q 4.

Who is a retailer?

Q 5.

How are shops in the neighbourhood useful?

Q 6.

Who is Aftab?

Q 7.

Write in brief about shopping complexes and malls.

Q 8.

Give some examples of roadside stalls.

Q 9.

Why do we not buy directly from the producer?    [V. Imp.]

Q 10.

What is the job of a wholesale trader?  [V. Imp.]

Q 11.

In what ways is a hawker different from a shop owner?

Q 12.

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.

Q 13.

What is done in the wholesale markets?

Q 14.

Why is a weekly market called so?

Q 15.

Do you see equality in the market? If not, why not? Explain with examples.[V. Imp.]
Write in brief on market and equality'.

Q 16.

Who is Scuneer? What does he do?

Q 17.

Buying and selling can take place without going to a marketplace'. Explain this statement with the help of examples.

Q 18.

Write a brief note on Aftab the wholesaler in the city'.

Q 19.

How are shop owners in a weekly market and those in a shopping complex very different people?  [V. Imp.]

Q 20.

Why is there a competition among the shops in the weekly market? [V. Imp.]

Q 21.

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

Q 22.

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