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Question
‘Buying and selling can take place without going to a marketplace.’ Explain this statement with the help of examples.
Explain
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Solution
- Buying and selling can happen without visiting a physical marketplace because many e-commerce platforms provide free home delivery services.
- Customers can simply place their orders online and receive their products at home, eliminating the need to go to a market.
- Some local shops also accept phone orders, allowing customers to get the items they need by making a simple call.
- The use of plastic money (debit and credit cards) and internet banking has made it easier to pay for goods and services without having to visit a store, supporting online and virtual market transactions.
shaalaa.com
Chain of Markets
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