Weekly Markets
These shop owners sell things they produce at home and are helped by their family members.
Who is a weekly market?
A weekly market is so-called because it is held on a specific day of the week. Weekly market held on a specific day of the week. They do not have permanent shops, for example, vegetable markets, fruit shops, small utensils shops etc.. Traders set up shops for the day and then shut them up in the evening.
What are the disadvantages of weekly market?
- They are not permanent, that is, they are opened until evening only and then closed after that.
- They do not have quality or branded materials.
What is the difference between daily market and weekly market?
Daily Markets as in shopping malls are very expensive and the owners pay wages to the workers. They sell non branded & branded items. Weekly markets are cheap and don’t have to pay wages to workers or pay electricity bills. They sell non branded items.
Who are seller in the weekly market * 1 point?
Sellers in the weekly markets are usually small traders and businessmen who do not have adequate capital to buy or rent shops.
Which shopkeepers do not have permanent shops?
Answer: Hawkers do not have permanent shops whereas shop owners have permanent shops. They generally sell items like vegetables and fruits.
How are shopkeepers in a weekly market called so?
A weekly market is so called because it is held on a specific day of the week. Weekly markets do not have permanent shops. Traders set up shops for the day and then close them up in the evening. Then they may set up at a different place the next day.
Who are the sellers?
A seller is any individual or entity that offers any product, service, or financial asset for purchase. Short selling involves borrowing securities not owned to sell, with the aim of buying them back at a lower price. A seller of options is known as a “writer,” who collects the premium from the buyer.
Why do you think the guard wanted to stop Kavita and Sujata from entering the shop?
2. The guard wanted to stop Kavita and Sujata from entering the shop because he might have thought that they belong to a poor family and could not afford to buy the items sold in the shop.
In what way 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 sells his goods at a minimum profit. A shop owner runs his shop at one fixed place.
Why weekly market traders earn little compared to regular shopkeepers?
The weekly market traders earns little as compared of a regular shop owner in a shopping complex. … There are some who can not afford cheapest of goods and some shop in malls. Therefore these markets depend on money as buyers or sellers.
Where did Sujata and Kavita buy groceries?
Sujata and Kavita were sent to buy groceries from their neighbourhood shop. This was the shop they usually went to. It was crowded today. The shop owner managed the shop herself with two helpers.
What made swapna sell the cotton to the trader instead?
Answer: Swapna had borrowed money from the local trader for her farm input. So, she was forced to agree to the condition that she would sell the cotton produce to him. Hence she sold it to the local trader instead of the Kurnool cotton market.
Which trader finally sells the goods to consumer?
Retailer: The trader who finally sells to the consumer is called the retailer. Wholesale: This refers to buying and selling in bulk.
What is the difference between a hawker and a shopkeeper class 7?
The difference between a hawker and a shopkeeper is that a hawker does not have a fixed shop, that is, he sells his products from street to street by roaming around. Whereas a shopkeeper has a fixed shop and people come to shop to purchase things.
Why do we need market Class 7?
A market is where buyer and seller are involved in the sale and purchase of goods. It establishes a link between the producer and the consumer. There are different kinds of markets namely; weekly market, shops, shopping complex or mall. The profit earned by different market varies.
Why do people not bargain in malls whereas they bargain in weekly market?
Branded goods are expensive as they are often promoted by advertising and come with claims of better quality. … Since the company has already shelled out a lot of money on advertising, these companies do not allow bargaining. Thus, people do not bargain in shops located in malls, whereas they bargain in weekly markets.
What is the chain of the market?
Chain of markets is a series of markets that are connected like links in a chain because products pass from one market to another. (i) Vegetables are produced on farms. (ii) The vegetable wholesale trader buys goods in large quantities. (iii) These will then be sold to other traders.
How are the weekly market different from permanent shops?
A weekly market is held on a specific day of the week. Permanent shops are not there in weekly markets. Traders set up a shop for the day and in the evening they close it. They set up the shops at another location the next day.
What is the difference between a weekly market and an shopping mall?
Weekly Market – Weekly markets is so called because it is held on a specific day of the week whilst. They don’t have permanent shops and the products are non-branded. … Malls – Shopping complex runs daily and on specific time schedules. and in shopping complex the products are branded and expensive.
Where do shopkeepers produce their goods?
They procure goods in the following manner: Goods are produced at various places such as factories, farms and houses.
Who made more profit in the chain of market?
Answer: On one hand, the market offers people opportunities for work qnd for sale of their products. On the other hand, the rich and the powerful get the maximum earnings from the market. These are the people who have money and own the factories, the large shops, large land holdings, etc.
Why is there a competition among the shops in the weekly market Class 7?
There is competition among shops in the weekly market in order to attract consumers and make more sales.