Tag: civics

The whole sellers buy goods directly from the consumers in stock or in bulk quantity. They further sell it to the retailers to earn profit. This way they become connecting link between retailer and producer. The retailer further sells it to the customers.

Retailers buy goods from whole sellers who buy directly from the producers in massive or bulk quantity. The retailers buy goods as per their need and requirement of sale and sell them to the consumers. 

The whole seller directly buys goods from the manufacturer of producers and sell them to retailers in small quantities. The whole sellers deal in one item in large quantity and sell them to different retailers to earn maximum margin profits.

Big Bazaar is a fixed shop retailer as they carry on their business at a fixed place where customers can reach and make their purchases.

Retailers purchase goods from the wholesalers and pass them on to the customers. Retailers are of many types and can be classified based on several categories. However, broadly they can be classified as Itinerant retailers and Fixed shop retailers.

• Fixed shop retailers are those that carry on the business of sale of goods in fixed shops, where customers can easily reach and make purchases.

• Itinerant or movable retailers are those that sell their goods by moving from place to place. They deal in low priced goods for regular use like vegetables, fruits, toys, etc. They are also known as hawkers, paddlers, street traders, etc.

In basic economic terminology, a seller is someone who offers goods for sale, often referred to as a salesman in a retail context.

The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product. The merchants purchase the yarn i.e the raw material and give instructions to the weavers about the kind of cloth that is to be made. Thus, the weavers do not have to spend their money on the purchase of raw material. Also, the problem of selling the finished cloth in the market is taken care of by the merchants.

There are two reasons for Power Sharing. One is prudential and another one is moral. The prudential reason is based on a careful calculation of gains and losses. The prudential reasons stress that power-sharing will bring out better outcomes.

Peter George Norman an Australian track athlete won silver medal in 200 meters race at 1968 Summer Olympics, Mexico city. He wore a badge of Olympic Project for Human Rights (OPHR) in support of his fellow African-American athletes. The aim of OPHR was to protest against racial segregation in the United States, South Africa and issue of racism in sports.     

The shop owner in the weekly market store the things they sell at home. Most of them are helped by their family members and hence they do not need to hire workers. They also don't need to incur expenditure like rent, electricity, fees to the government, and wages to the workers.

When shops are in permanent buildings, they incur a lot of expenditure. They need to pay rent, electricity, fees to the government and wages to the workers. In weekly markets, the shop owners store the things at their home which they sell in the market. so they don't need to incur a lot of expenditure like rent, electricity, wages, and government fees.