7th Class Social Science Fundamental Rights and Duties Question Bank Markets Around Us - Long answer Type Question

  • question_answer
    Explain the different types of retail markets.

    Answer:

    Retail markets include weekly markets, neighborhood markets, super markets and shopping malls. Neighborhood markets are very useful and commonly found in every area. These markets are small family-run shops from where people buy everyday needs such as groceries, stationery and toiletries. All neighborhood markets have hawkers selling ice cream and vegetables on carts and also cobblers, barbers and bicycle repairers, etc. Supermarkets are a form of self-service grocery store including food, vegetables, fruits and beverages - all under one roof. Usually products are available here at low prices. Example - Big Bazaar and Spencer?s. Shopping malls are carefully landscaped complex of shops and showrooms which include restaurants, food courts and leading merchandisers. Mostly shopping malls have franchises like Lifestyle, Shoppers Stop etc. These places are very convenient shopping areas with ample parking and often have multiplexes where buyers can also watch movies. Malls encourage cashless shopping where consumers buy goods with debit or credit cards.


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