1. What are the benefits of neighbourhood shops?
Shops in the neighbourhood are useful in many ways: (i) They are near our home and we can go there on any day of the week. (ii) These shops also provide goods on credit.
2. What is done in the wholesale markets?
This is where goods first reach and are then supplied to other traders.
3. What do you mean by malls?
Malls are multi-storeyed air-conditioned buildings with shops on different floors.
4. Who are traders?
The people in between the producer and the final consumer are the traders.
5. Who is a retailer?
Retailers are small traders who buy goods from the wholesale trader and sell this to the consumers.