7. Markets Around Us

1. Why are goods often cheaper in weekly markets compared to permanent shops?

• Low quality products
• No competition
• Lower operational expenses
• Higher taxation

2. What is a characteristic of weekly markets that contributes to lower prices?

• Limited variety
• High operational costs
• Competition among sellers
• Exclusive brands

3. In the story of Sameer, why are clothes in weekly markets more affordable?

• Lower quality materials
• Smaller profit margins
• Limited choices for buyers
• Higher demand

4. What is the advantage of shops in the neighborhood for buyers?

• Variety of goods
• Easier bargaining
• Credit facilities
• Premium pricing

5. Why do permanent shops generally charge higher prices than weekly markets?

• Higher quality products
• Stable locations
• Lower competition
• Bigger advertising budgets

6. What differentiates shopping complexes and malls from weekly markets?

• Lower prices
• Permanent shops
• Exclusive brands
• Reduced variety

7. What role do wholesale traders play in the chain of markets?

• Selling directly to consumers
• Connecting producers and retailers
• Setting retail prices
• Managing online sales

8. In Aftab's vegetable business, when does the buying and selling process start?

• Late afternoon
• Early morning
• Late evening
• No specific time

9. How can people make purchases without going to physical markets?

• Through wholesalers
• By visiting shopping complexes
• Only through online platforms
• Exclusively through neighborhood shops

10. Why do buyers and sellers in different markets have unequal opportunities?

• Availability of credit
• Varied market timings
• Different levels of income
• Uniform pricing strategies