Last updated on June 28th, 2023 at 10:04 pm
- Street Markets or Mohalla Bazaar
- Weekly Markets,
- Shopping Complex and Malls
- Controlled market [APMC]
- Online markets
Street Markets or Mohalla Bazaar
Our daily needs are met in these markets. Various items are displayed in these shops for the customers to see. For example, we buy milk, curd, buttermilk from dairy oil, spices and household items from groceries, and pen, pencil, and books from stationery shops.
Benefits of street markets
We can purchase from these shops whenever we wish because they are near our house. These shopkeepers sell and also lend goods to their regular customers.
Weekly Markets
The weekly market is held once a week, on a specific day, in a particular area. They are more likely to be found in rural areas, small towns, and on the outskirts of big cities.
Shopping complexes and malls
A shopping complex consists of different types of shops where we get branded and regular items from small and large businesses.
Advantages
The customer spends sufficient time examining the products with special offers in these markets. The customer is given a special discount on the printed price and can pay via cash, credit, or debit card.
Controlled market [APMC]
This type of market is composed of wholesalers who purchase goods from manufacturers directly and sell them to retailers, or to industrial, and commercial users. Most wholesalers do not sell directly to ordinary consumers. Wholesale markets are places where producers bring their goods to be sold.
Online markets
A customer can purchase anything without going to the market by making digital payments at our computer. Online shopping is a way for many companies to directly sell to customers and give them more benefits by providing things at lower rates than the market rates.
[Q] Who is called a consumer? State the rights of consumers.
[A] A consumer means a person who pays and buys goods for his own use.
- Rights and duties of consumer are –
- Right to Safety
- Right to Information
- Right to Choose
- Right to Representation
- Grievance Redressal Right
- Right to Get Consumer Education
[Q] What precautions should a consumer take while shopping? explain.
[A] While purchasing customers should be careful about such things:-
- Collect GST bills with due diligence at the time of purchase.
- Check ISI mark at the time of purchase
- Jewelry with a hallmark should be purchased
- Food items should have an “Agmark” or Fssai” Logo.
- Buy clothes after checking their fabric, color, stitching, size, etc.
- Fill fuels after checking the meter on Zero.
[Q] Describe the production process of clothes?
[Q] State Whether True or False
- Big Shopkeepers Get Employment in The Gujari Market. [ False]
- A Trader Who Sells Goods in Bulk Is Called Retailer. [False]
- The Consumer Has a Right to Make a Presentation to The Consumer Protection Board to Protect the Rights and Interest of the Customer. [True]
[Q] Fill in The Blanks
- A Market Which Is Held On a Specific Day Is Called …………… Market [Gujri or Weekly Market]
- Public Auction of Farmer’s Farm Produce Takes Place in…………. [Controlled Market/Marketing Yard / APMC]
- Gold Silver Jewelry Should Be Purchased with The ………… Mark. [Hallmark]
- …………… is a Raw Material for The Production of Cloth.[Cotton]
- The Whole World is a ………… in the present time. [Single Market]
