Civics Markets Around Us

ExIII
Ans1. A market is a physical place where buyers and sellers meet and exchange goods, services and information.

Ans2. In ancient days, before the invention of money, people met in a market place to barter or exchange goods and services. For example a cow could be bartered for ten sacks of wheat.

Ans3. Supermarkets are very big, usually air- conditioned, shopping complexes that have shops selling a variety of goods and services under one roof.

Ans4. Koyamkedu Market in Chennai and Azadpur Mandi in Delhi are two examples of wholesale markets.

Ans5. A department store has many sections or departments in it.
A chain store usually sells goods of one kind and are normally managed by the manufacturers themselves or franchised.

Ex IV.
Ans3. There are different types of markets:
a. WEEKLY MARKETS are held once a week, on a specified day, in a particular area. Weekly markets do not have permanent shops.

b. NEIGHBOURHOOD MARKETS consist of all those ships that cater to the immediate needs of the people of that locality. Though such shops do not offer much choice, they are very convenient for the people of the neighbourhood.

c.SUPERMARKETS AND MALLS   are very big, usually air- conditioned, shopping complexes that have shops selling a variety of goods and services under one roof.
d. WHOLESALE MARKET is a place where producers bring their goods to be sold