Social Science Question(1 Marks)

This is where goods first reach and are then supplied to other traders.

Buyers are differently placed. There are many who are not able to afford the cheapest of goods while others are busy shopping in malls.

People or traders who buy and sell thing in bulk and sold them to other traders.

Road side markets.

Fruit, vegetable vendor, cloth stalls, street food stalls.

A weekly market is so-called as it is organised only for a day. These are not permanent shops and traders put up their stalls or shops till evening. Almost every dayto-day item is available in these markets at comparatively cheaper rates.

Wholesale means buying and selling of goods and products in very large quantities.

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 shopping complex.

This is a place where goods first reach and are then supplied to other traders.

Aftab is one of the wholesale traders who purchases in bulk.

We go market to buy many things, such as, vegetables, fruits, soap, toothpaste, masala, breas, rice, clothes, notebook, biscuits, etc.

Most of the things we need are available at one place.

It is an enclosed shopping space. It usually has a large building with many floors that have shops, restaurants and cinema halls, etc. These shops most often sell branded products.

The neighbourhood shops mostly open all days and there is this personal touch which allows the consumer to buy the goods even on credit.

Cheap rates, variety, we can bargain, easily available.

A series of markets that are connected like links in a chain because products pass from one market to another. It is formed starting from wholesale markets to retail shops.

Shops, hawker’s stall in our neighborhood weekly market, large shopping complex, and mall.

Because it held at specific day a week.

People in urban areas can enter markets without stepping out of their homes via the Internet.

Brands goods are expensive because they include the cost of advertisements in it.

Some roadside stalls are vegetable hawker, the fruit vendor and the mechanic.

It refers to buying and selling in large quantities. Most products including vegetables, fruits and flowers are sold in special wholesale markets.

Goods are produced in factories, on farms and in homes.

Traders who sell good to the consumers.

It is because of chain of market that goods produced at one place reaches people everywhere.

It is because the producer is not interested in selling goods in small quantities.

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 or one plastic mug.

Weekly markets are not daily markets but are found at a particular place on one or two days of the week.

Branded goods are often promoted by advertising, which costs a lot and thus they are expensive.

More choice for buyers: In weekly market there are many sellers selling their products, the buyer has to make a decision from who to buy.

A series of markets that are connected like links forms chain of market. Products passes from one market to another.

Only fewer people can afford to buy branded goods because branded goods are expensive.

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 have to pay wages to their workers.