Chain of markets, markets everywhere and equality in the market Flashcards
Why dont we buy items directly from producers ?
As manufacturers wont be interested in selling us in such less quantity, we buy them through chain of markets.
We dont as a plastic mug factory for example would not be interest in selling us 1 mug for example
Who are the people between producers and the final consumers
Traders
Trace the journey of vegetables through the chain of markets with a flowchart
Farm
|
Wholesaler (They would buy 200 to 400 kilos of vegtables from the farm)
|
Traders (The final trader who sells the item to the customer
is a retailer)
|
Customer
How do goods reach far away places
Goods reach far away places through links of traders
How can buying and selling happen without going to a marketplace ?
There are many ways by which this can happen
1) Goods can know be purchased through online apps
Once the order is places the goods will arive to the doorstep
2) When to go to clinics and nursing homes , we can see sales representatives wating for the doctor to arrive. Here the purchase of goods doesn’t need the presence of a shop.
( BTW IF UR READING THIS, IM TYPING THE WHOLE DECK BLINDFOLDED. LOL)
What are markets that we may not be aware of ?
A large amount of goods that are bought and sold don’t reach us directly
For example- A car manufacturer may buy the tyres,axles etc from the manufacturers. We dont see this process. We only see the final product( the car) in the showroom
Give some examples on unequality in the market
1) A Small shop owner is a little trader
with little money to run the shop whereas big brands
is able to spend a lot of money to set up the shop.
2) The weekly market trader earns little compared to the profit of a regular shop owner in a shopping complex
3) There are many who are not
able to afford the cheapest of goods while others are
busy shopping in malls
Name one factor that affects whether we are buyers or sellers
The money we have
how do goods produced in one place reaches
people everywhere
Through chain of markets
When things are sold what happens
it encourages production and new opportunities are
created for people to earn.
Name the 4 markets in dehli
Keshopur
Azadpur
Okhla
Daryaganj
What is a weekly market
These markets are not daily markets but are found in a particular place on a particular one or two days of the week.
What is a mall
An enclosed shopping space with many floors and shops on each floor
What wholesale
This refers to buying and selling in large quantities
Whar is Chain of markets
A series of markets connected to each other
