Q1. Fill in the blanks.

                        i.        Goods are produced in___________, ____________and___________.

                       ii.        The weekly market trader earns ________compared to the _______of a regular shop owner in a shopping complex.

                      iii.        People in urban areas can enter markets without stepping out of their homes via ___________________.

                      iv.        Shops in neighbourhood often give goods to their regular customers on ___________.

                      v.        Malls sell _______________and _______________goods.


Q2. True/False

                       i.        When things are sold, it encourages production and new opportunities are created for people to earn. _______

                      ii.        People use their visiting cards to make ‘online purchases’. _______

                     iii.        Shops in the neighbourhood are useful in many ways. ________

                     iv.        People who buy and sell thing in bulk are called retailers. _______

                      v.        The people in between the producer and final consumer are traders. ________


Q3. Who is Aftab in the chapter?


Q4. Why is weekly market so called?


Q5. Name some roadside stalls.


Q6. What is wholesale market?


Q7. How buyers are differently placed?


Q8. Why is there a competition among the shops in the weekly market?


Q9. Why branded goods are expensive as compared to non-branded goods?


Q10. Why fewer people can afford to buy branded goods?


Q11. Why don’t we buy directly from the factory or from the farm?


Q12. Who is a retailer? Give some examples.


Q13. How are shops in neighborhood useful to us?


Q14. Why are goods sold in permanent shops costlier than those sold in the weekly markets or by roadside hawkers?


Q15. Why is a wholesale trader necessary?


Last modified: Sunday, 6 January 2019, 2:16 PM