Understanding Markets and Trading

What is a primary advantage of weekly markets for shoppers?

Weekly markets typically offer fixed prices without room for bargaining.

How does Sameer, the clothes seller, operate his business in the weekly markets?

During festival times, such as Deepavali or Pongal, Sameer experiences _______ business.

Why do people prefer shopping in markets with a wide array of goods?

Neighborhood shops generally offer a wider variety of goods compared to weekly markets.

Besides weekly markets, name one alternative place where people commonly purchase goods and services.

Match the following locations with the types of items one might typically purchase there.

Which of the following best describes the role of a wholesale trader?

A retailer typically purchases goods directly from the factory or producer.

Describe the main difference in the purchasing habits of a wholesale trader and a retailer.

The market where goods first arrive in a city before being supplied to other traders is known as the ______ market.

Match the market participant with their role in the supply chain:

Why is a chain of markets necessary for distributing goods?

Why were Sujata and Kavita discouraged from entering the branded clothing shop?

Buying and selling in wholesale markets primarily takes place between consumers.

Branded goods are typically more affordable than non-branded goods in urban markets.

Which of the following individuals is most likely to purchase plastic items from a wholesale trader?

What is a key difference between shopping in a mall and shopping in a weekly market regarding price negotiation?

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

Match the market type with its characteristic:

Which of the following factors contribute to the higher price of branded goods?

Shop owners typically procure their goods directly from factories or farms.

In what types of markets are branded goods typically sold?

Why did Sujata show her notebook to the shopkeeper?

Goods sold in permanent shops are typically cheaper than those sold in weekly markets or by roadside hawkers.

What is one advantage of shopping at neighborhood shops compared to larger shopping complexes?

Sujata's family will pay for the groceries in the first week of ______.

Match the following types of shops with their characteristics:

What is a key difference between neighborhood shops and shops in a mall like Anzal Mall?

Which of the following is an advantage of buying from the neighborhood shops?

All shops in the markets are only permanent shops.

Aftab buys vegetables at an auction and then sells them to:

All markets require physical presence for buying and selling goods.

What is the approximate time that hawkers and shopkeepers start coming to the market?

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

Match the following roles with their actions in the vegetable market:

What do the hawkers and shopkeepers need to do, so that they can open their shops around ten in the morning?

Buying and selling always occurs directly through shops in a market.

What is the mode of payment for online purchases?

Which of the following best describes the relationship between factories and shops in the context of the provided information?

The chain of markets primarily benefits only the producers and sellers, not the consumers.

Describe one way in which the economic situations of shop owners in a weekly market and those in a shopping complex typically differ.

The formation of a chain of markets encourages __________ and creates new opportunities for people to earn.

Match the market type with the typical economic status of its participants:

Which of the following is a key factor determining whether individuals can participate as buyers or sellers in different markets?

Which statement accurately reflects the roles of different entities in the supply chain?

Explain why the availability of goods in markets encourages increased production.