Page 212 - SST Class 07

not equal. All buyers do not buy the same
opened their showrooms at different places as
Maruti, TVS, Godrej, Airtel etc. where consumers commodity at the same price. Some of them pay
can visit and buy commodities. more while others pay less. It also means that all
sellers do not sell their commodity at the same
Use of Transports price; it can be higher for some buyers and lower
The types of transports to be used in carrying for some buyers. The price of a commodity
goods from one place to another depend upon the depends on several factors, such as availability,
distance and quantity of goods. Ships are used for demand, quality etc. The price of a thing is higher
procuring goods from other countries. Trains and in case of limited availability, higher demand and
trucks are employed for transporting goods from better quality.
distant places. Small Some buyers and sellers are more resourceful and
trucks and carts are used skilled than others. When a buyer buys a
for small distances. commodity in bulk, he can bargain it at a lower
Handheld carts are also price; however, when another buyer buys the
used for very small same thing in small quantity, he may not find
distances, especially himself in a commanding position and may have
within a town. A goods train to buy it at a higher price.
Weekly Off Days Thus, we see that all market operations are not

Both rest and work are equally important. So, the fair. We can see that inequity operates in almost
government has ordered a weekly off day, on all market operations. This inequity is still higher
which it is mandatory for the shopkeepers to keep when a seller finds that his commodity can perish
their shops shut. This weekly off day can be quickly, as is the case with vegetable and fruit
decided by the shopkeepers with mutual growers. Inequity in market operations results in
understanding. In some places, the government exploitation of less resourceful individuals.
has fixed this day, as in Haryana where it is
mandatory to keep all shops shut on Sundays. F ind Outind Out
However, in many cases, the weekly off day is not Find out besides selling and purchasing, what can
observed in many markets though there is a day be the other reasons of popularity of a market?
earmarked for this purpose.
CYCLE OF VISITING MARKET
Quiz Time
Fill in the blanks : An individual visits market to buy articles. He has
to visit market on different occasions. The cycle of
1. Ships are used for ____________ goods from visiting market depends on a number of factors,
other countries.
the important of which are as follows :
2. Markets are important ____________ .
Availability
3. A ____________ will have shops of jewellers. When a commodity is available in the market easily,

4. The chemist shop and the milk dairy in our an individual may buy it at his own convenience;
neighbourhood market are the examples of however, when a commodity is not easily available,
____________ . he may like to store it with him so that he may not
face any difficulty due to its shortage.
5. A market may feed to general needs of the
____________ . Necessity

The necessity of a commodity is one of the most
INEQUITY IN MARKET OPERATIONS important factors in deciding whether a

A large variety of people visit market. They are commodity can be bought or not. If a commodity
either buyers or sellers. However, all of them are is absolutely necessary, it has to be bought
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