Explain the different types of such traders found in India.
Answers
Answer:
Itinerant means traveling from place to place. Itinerant retailers have no fixed place of business. They move from place to place for selling their goods to the consumers. Itinerant sell in small quantities. They invest a very small amount of capital. They deal in varieties of goods.
Peddlers are those retailers who carry goods in hand cart to sell them at the doors of consumers. To hawk means to sell goods in the streets or by knocking on people’s doors. A hawker means someone who hawks goods. Generally, hawkers carry goods on their heads. They persuade people to accept goods which may be of low quality. So, the price charged by hawkers is lower than the market price. They move from place to place with limited stock.
Market traders, as the name itself implies, open their shops on market days. Market days vary from place to place, being conducted on weekly or monthly basis. Market traders perform business only when the market is open. They open their shops at different places, on different days whenever the market is open.
For example, ‘Sunday Market’ in Pondicherry is very popular among shoppers.
Answer:
cloth trader ,food trader , home appliance trader , jewellary trader