Question

( Any 4 )
1. What are malls ?? What type of goods are sold in malls ??
2. What are cooperatives??
3. What are wholesale markets and wholesalers ??
4. Name the various types of market in India ??
5. Describe features of weekly markets
6. Why do cost go up at each state ??
7. Why is wholesale. trader necessary ??​

Answer 1

What are malls ?? What type of goods are sold in malls ??

Malls are usually a big building that consists of different shops selling different goods at a moderate price. Goods from the mall are high in quality and are related to brands. Some of the goods sold in malls are groceries, clothes, electronics, shoes, jewelers, restaurants, etc.

What are cooperatives??

Co-operatives are business organizations owned and operated by a group of individuals for their mutual benefit.

What are wholesale markets and wholesalers ??

Wholesale markets develop in a number of of stages. They start as general markets, then become more specialized by trading in a limited range of produce. A later stage is to deal with samples of produce and finally to transact only graded produce.

Name the various types of market in India ??

The five major market system types are Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Monopsony.

• Perfect Competition with Infinite Buyers and Sellers.
• Monopoly with One Producer.
• Oligopoly with a Handful of Producers.
• Monopolistic Competition with Numerous Competitors.
• Monopsony with One Buyer.

Answer 2

ᴄᴏʀʀᴇᴄᴛ ǫᴜᴇsᴛɪᴏɴ :-

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1.ᴡʜᴀᴛ ᴀʀᴇ ᴄᴏᴏᴘᴇʀᴀᴛɪᴠᴇs??

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ᴄᴏʀʀᴇᴄᴛ ᴀɴsᴡᴇʀ :-

ᴀ ᴄᴏᴏᴘᴇʀᴀᴛɪᴠᴇ ɪs "ᴀɴ ᴀᴜᴛᴏɴᴏᴍᴏᴜs ᴀssᴏᴄɪᴀᴛɪᴏɴ ᴏғ ᴘᴇʀsᴏɴs ᴜɴɪᴛᴇᴅ ᴠᴏʟᴜɴᴛᴀʀɪʟʏ ᴛᴏ ᴍᴇᴇᴛ ᴛʜᴇɪʀ ᴄᴏᴍᴍᴏɴ ᴇᴄᴏɴᴏᴍɪᴄ, sᴏᴄɪᴀʟ, ᴀɴᴅ ᴄᴜʟᴛᴜʀᴀʟ ɴᴇᴇᴅs ᴀɴᴅ ᴀsᴘɪʀᴀᴛɪᴏɴs ᴛʜʀᴏᴜɢʜ ᴀ ᴊᴏɪɴᴛʟʏ-ᴏᴡɴᴇᴅ ᴇɴᴛᴇʀᴘʀɪsᴇ". ᴄᴏᴏᴘᴇʀᴀᴛɪᴠᴇs ᴀʀᴇ ᴅᴇᴍᴏᴄʀᴀᴛɪᴄᴀʟʟʏ ᴏᴡɴᴇᴅ ʙʏ ᴛʜᴇɪʀ ᴍᴇᴍʙᴇʀs, ᴡɪᴛʜ ᴇᴀᴄʜ ᴍᴇᴍʙᴇʀ ʜᴀᴠɪɴɢ ᴏɴᴇ ᴠᴏᴛᴇ ɪɴ ᴇʟᴇᴄᴛɪɴɢ ᴛʜᴇ ʙᴏᴀʀᴅ ᴏғ ᴅɪʀᴇᴄᴛᴏʀs.

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2.ᴄᴏʀʀᴇᴄᴛ ǫᴜᴇsᴛɪᴏɴ :-

ɴᴀᴍᴇ ᴛʜᴇ ᴠᴀʀɪᴏᴜs ᴛʏᴘᴇs ᴏғ ᴍᴀʀᴋᴇᴛ ɪɴ ɪɴᴅɪᴀ ??

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ᴄᴏʀʀᴇᴄᴛ ᴀɴsᴡᴇʀ :-

1. ᴘᴜʀᴇ ᴄᴏᴍᴘᴇᴛɪᴛɪᴏɴ.
2. ᴍᴏɴᴏᴘᴏʟɪsᴛɪᴄ ᴄᴏᴍᴘᴇᴛɪᴛɪᴏɴ. ...
3. ᴏʟɪɢᴏᴘᴏʟʏ. ...
4. ᴘᴜʀᴇ ᴍᴏɴᴏᴘᴏʟʏ.

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3.ᴄᴏʀʀᴇᴄᴛ ǫᴜᴇsᴛɪᴏɴ :-

ᴅᴇsᴄʀɪʙᴇ ғᴇᴀᴛᴜʀᴇs ᴏғ ᴡᴇᴇᴋʟʏ ᴍᴀʀᴋᴇᴛs

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ᴄᴏʀʀᴇᴄᴛ ᴀɴsᴡᴇʀ :-

ᴄʜᴇᴀᴘᴇʀ ʀᴀᴛᴇs: ᴍᴀɴʏ ɪᴛᴇᴍs ᴀʀᴇ ᴀᴠᴀɪʟᴀʙʟᴇ ɪɴ ᴛʜᴇ ᴡᴇᴇᴋʟʏ ᴍᴀʀᴋᴇᴛs ᴀᴛ ᴄʜᴇᴀᴘᴇʀ ʀᴀᴛᴇs. ʜɪɢʜ ᴄᴏᴍᴘᴇᴛɪᴛɪᴏɴ: ᴛʜᴇʀᴇ ɪs ʜɪɢʜ ᴄᴏᴍᴘᴇᴛɪᴛɪᴏɴ ᴀᴍᴏɴɢ sʜᴏᴘ ᴏᴡɴᴇʀs. ғᴀᴍɪʟʏ ʀᴜɴ: ᴛʜᴇ sʜᴏᴘ ᴏᴡɴᴇʀs sᴛᴏʀᴇ ᴛʜᴇ ɪᴛᴇᴍs ᴛʜᴇʏ sᴇʟʟ ᴀᴛ ʜᴏᴍᴇ. ᴛʜᴇʏ ᴀʀᴇ ʜᴇʟᴘᴇᴅ ʙʏ ᴛʜᴇɪʀ ғᴀᴍɪʟʏ ᴍᴇᴍʙᴇʀs.

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4.ᴄᴏʀʀᴇᴄᴛ ǫᴜᴇsᴛɪᴏɴ :-

ᴡʜʏ ɪs ᴡʜᴏʟᴇsᴀʟᴇ. ᴛʀᴀᴅᴇʀ ɴᴇᴄᴇssᴀʀʏ ??

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ᴄᴏʀʀᴇᴄᴛ ᴀɴsᴡᴇʀ :-

ᴀ ᴡʜᴏʟᴇ sᴀʟᴇ ᴛʀᴀᴅᴇʀ ɪs ᴀ ᴛʀᴀᴅᴇʀ ᴡʜᴏ ᴄᴏʟʟᴇᴄᴛs ɢᴏᴏᴅs ғʀᴏᴍ ᴘʀᴏᴅᴜᴄᴇʀs ᴀɴᴅ ᴛʜᴇɴ sᴇʟʟs ᴛᴏ ᴛʜᴇ ʀᴇᴛᴀɪʟᴇʀs ғᴏʀ ғɪɴᴀʟ sᴀʟᴇ. ᴀ ᴡʜᴏʟᴇsᴀʟᴇ ᴛʀᴀᴅᴇʀ ɪs ɪᴍᴘᴏʀᴛᴀɴᴛ ʙᴇᴄᴀᴜsᴇ ʜᴇ ᴏʀ sʜᴇ ᴀᴄᴛs ᴀs ᴀ ʟɪɴᴋ ʙᴇᴛᴡᴇᴇɴ ᴛʜᴇ ʀᴇᴛᴀɪʟᴇʀ ᴀɴᴅ ᴘʀᴏᴅᴜᴄᴇʀ ʟᴇᴀᴅɪɴɢ ᴛᴏ ᴛʜᴇ sᴍᴏᴏᴛʜ ᴛʀᴀᴅᴇ ᴏғ ᴘʀᴏᴅᴜᴄᴛs ғʀᴏᴍ ᴏɴᴇ sᴏᴜʀᴄᴇ ᴛᴏ ᴛʜᴇ ᴏᴛʜᴇʀ.

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ᴀɴsᴡᴇʀᴇᴅ ʙʏ :-

ᴘɪɴᴋ_ᴡɪɴᴇ⚡