CLASS 7 CIVIS CHAPTER 7 MARKET AROUND US

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

Ans. A hawker does not have a fixed location from where he/she sells his items. Instead, he/she moves from one location to another selling his/her wares at a minimum profit. There is a minimum capital investment when it comes to setting up a business unit and there is no limit to the wares that can be sold by a hawker while bringing his/her service to the very doorstep of customers. A shopkeeper has a fixed building from which he/she sells his wares. Customers will come to buy their desired items to the shops. A shopkeepers customer base is limited to the geographical location of his/her shop. The wares sold can be limited to the type of shop. For example, a clothing store will only sell clothes while an electrical shop will only sell electric items etc. 

2. Compare and contrast a weekly market and a shopping complex on the following:

Ans. 

Market            Kind of goods sold            Prices of                Sellers                    Buyers                                                                                               goods                                                            

weekly             Different items of            Prices of                Small traders        People belonging                market            everyday use such as      goods are not        and hawkers          to the lower - middle                                vegetables, groceries,     that high. It can                                    income group.                                          cloth, utensils etc.            be easily afforded.                                                                       

Shopping         Branded items such as      Prices of goods     Big businesses       People belonging to        complex            readymade clothes,     





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