Markets Around Us - Chapter Wise CBSE Solved Question and Answer Based On NCERT
Points To Remember:
Weekly markets are held on a specific day of the week. They do not have permanent shops. Traders set up shops for the day and then close them in the evening
Weekly markets are available at cheaper rates
In weekly markets most of the things are available at one place whether it is vegetables, utensils, groceries or cloth items
Shops in the neighbourhood are nearby our home, and we can go there on any day of the week. These shops also provide goods on credit to their known buyers
Now a days, in urban areas we have large multi-storeyed air-conditioned buildings with shops on different floors, this is known as malls. Also there are areas with many shops called as shopping complexes, these markets contain both branded and non-branded goods
Traders are the people between producers and final consumers. The wholesale traders first buys goods in large quantities and then sell it to other traders or retailers. Retailers finally sells the goods to consumers. A retailer can be a trader in a weekly market, a hawker in the neighbourhood or a shop in a shopping complex
When things are sold, it encourages production and new opportunities are created for people to earn
