Question

Briefly discuss the role of traditional markets in rural India.

Answer 1

Role of traditional markets in rural India play the following role :

1. Weekly market: These markets also caused ‘Haat’ happen either on a weekly or a bi-weekly pattern.
2. Sell of commodities: The markets serve as a place of exchange. Here buyers and sellers come in contact, interact and exchange goods and services.
3. Barter system : The initial versions of rural traditional markets were based on the barter system where people engaged in exchange of goods and services. Money as a medium of exchange was absent.
4. Recreation centers: These markets also served as places where various types of entertainment happened. Artisans and artists showcased their talent and sold their products and services.
5. Social interaction : Many people visited such markets to interact, form social networks, gossip fix marriage and catch-up with their kins from other village.
6. Social structuration: The way in which the shops are placed such markets directly reflect the social stratification that is operative in society. The higher castes have their shops in the central, critical locations whereas the lower castes have shops at the outskirts or periphery of the market.
7. Products sold: Traditional markets witness the sell of various products ranging from forests products, vegetables to handicrafts etc.