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Civics CH 8

This document contains exercises from a chapter about markets. It provides answers to questions about the differences between hawkers and shop owners, weekly markets and shopping complexes, and how chains of markets are formed. It also addresses whether all people have equal rights to visit expensive shops, and how buying and selling can occur without visiting a marketplace through examples of e-commerce and local shops providing phone orders.

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Kriti Kumari
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120 views2 pages

Civics CH 8

This document contains exercises from a chapter about markets. It provides answers to questions about the differences between hawkers and shop owners, weekly markets and shopping complexes, and how chains of markets are formed. It also addresses whether all people have equal rights to visit expensive shops, and how buying and selling can occur without visiting a marketplace through examples of e-commerce and local shops providing phone orders.

Uploaded by

Kriti Kumari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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www.ncrtsolutions.in www.ncrtsolutions.

com

Ch 8 Markets Around Us
Page No: 103

Exercises

1. In what ways is a hawker different from a shop owner?

Answer

Hawker Shop Owner


(i) Do not have permanent shops. (i) Have permanent shops.
(ii) Generally sells non branded items, fruits, (ii) Sells branded as well as non branded
vegetables, cutlery etc. items.
(iii) Don't have expenses like electricity bills, rents, (iii) Have expenses like electricity bills,
workers etc. rents, workers etc.
(iv) Sells cheaper as well as costlier
(iv) Sells products at cheaper rate.
products.

2. 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

Prices of
Market Kind of goods sold Sellers Buyers
goods
Weekly Non branded, Locals, Low income,
Cheaper Small investors, Local
market Compromised quality Poors
International
Shopping People from big cities,
Branded, Good quality Costlier companies, Big
complex High income, Rich
investors

3. Explain how a chain of markets is formed. What purpose does it serve?

Answer

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.
www.ncrtsolutions.in www.ncrtsolutions.com

(iii) These will then be sold to other traders.


(iv) Retailers took these vegetables to the market where consumer buy these.
Purpose it serve:
(i) Consumer can easily buy goods of far off places in the local markets.
(ii) Factories and producers need not to find their consumer directly.
(iii) It encourages production and new opportunities are created for people to earn.
(iv) Provides employment to the large numbers of people.

4. 'All persons have equal rights to visit any shop in a marketplace.’ Do you think this is true of
shops with expensive products? Explain with examples.

Answer

All persons have equal rights to visit any shop in a marketplace but this is however not true for
shops with expensive products. For example:
(i) Big commercial shops don't allow the poor people to enter their shops sometimes. They
considered them as inferior and thought as not able to buy their products.
(ii) People from lower income group cannot afford to buy branded products and hesitate to enter
the shop.

5. 'Buying and selling can take place without going to a marketplace.' Explain this statement with
the help of examples.

Answer

(i) Buying and selling can take place without going to a marketplace as there are many e-
commerce companies providing home delivery for free.
(ii) People can order products from these companies and get it delivered to their home without
visiting the market.
(iii) Some local shops also provide order on phone facility and people can order their good just
by a call.
(iv) Plastic money and internet banking made it easier to provide alternate source of payment for
buying from the virtual market.

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