Exercise : Solutions of Questions on Page Number : 103
Q1 : In what ways is a hawker different from a shop owner?
Answer :
A hawker is different from a shop owner because the hawker does not have a permanent shop but moves from place to place, selling his goods on the roadside and in weekly markets.
Q2 : Compare and contrast a weekly market and a shopping complex on the following:
| Market | Kind of goods sold | Prices of goods | Sellers | Buyers |
| Weekly market | ||||
| Shopping Complex |
Answer :
| Market | Kind of goods sold | Prices of goods | Sellers | Buyers |
| Weekly market | Cheap everyday requirements | Low | Small traders | People from villages and small towns |
| Shopping complex | Expensive branded goods | High | Big companies | Rich and upper middle class people from big cities |
Q3 : Explain how a chain of markets is formed. What purpose does it serve?
Answer :
A chain of markets is formed when a number of traders supply goods from the producers to the consumers. We thus have wholesale markets where other dealers buy the goods in bulk. These dealers then sell the goods in weekly markets to consumers and thus a chain of markets is formed. The chain serves the purpose of bringing the goods from the producers, who live in far off areas, to consumers in towns and cities.
Q4 : ‘All persons have equal rights to visit any shop in a marketplace.’ Do you think it is true of shops with expensive products? Explain with examples.
Answer :
This is not true of shops with expensive products because people who do not have money cannot shop there. Sometimes people who look poor are not entertained at such shops but are politely or sometimes forcibly made to leave.
Q5 : ‘Buying and selling can take place without going to a marketplace.’ Explain this statement with the help of examples.
Answer :
‘Buying and selling can take place without going to the market place.’ This is made possible by the use of plastic money. People can shop online and can pay using their credit cards. The goods are then delivered to their doorstep.