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How would you differentiate between street traders and street shops? - Business Studies

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Question

How would you differentiate between street traders and street shops?

Distinguish Between

Solution

Basis of difference

Street traders

Street shops

Definition

Small retailers generally sell low-priced consumer items on the streets.

Shops situated on street sides or main roads.

Shops/establishments

Do not have permanent shops.

Have permanent establishments.

Products

Stationery items, eatables, newspapers, etc.

Clothes, shoes, grocery items, bakery items, etc.

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Types of Internal Trade
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Chapter 10: Internal Trade - Short Answers [Page 256]

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NCERT Business Studies [English] Class 11
Chapter 10 Internal Trade
Short Answers | Q 7 | Page 256
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