What made Swapna sell the cotton to the trader instead?
Swapna sold her cotton to the local trader because she was financially indebted to him, having borrowed ₹2,500 at a high-interest rate to purchase essential farming inputs like seeds and fertilizers. As a condition of this loan, the trader forced her to sell all her cotton produce to him instead of the Kurnool cotton market.Why does Swapna sell cotton to the local trader?
According to the NCERT solutions, Swapna, a small farmer, had taken a high-interest loan from the local trader for farming inputs like seeds and fertilisers. A key condition of this loan was a promise to sell all her cotton produce to him.What made Baburao sell the cotton to the trade instead of selling it at the Yavatmal cloth market?
Baburao sold the cotton to the trader instead of at the Yavatmal's Cloth Market because he likely needed immediate cash or found the trader's offer more favorable.What makes Swapna sell the cotton to the trader instead of selling at the Corner cotton Market?
Swapna had borrowed money from the local trader for her farm input. So, she was forced to agree to the condition that she would sell the cotton produce to him.Why did the trader face Swapna a low price?
The trader paid Swapna a low price for her cotton because he had lent her money early in the sowing season, and she had agreed to sell all her cotton to him. The trader took advantage of this situation and paid her a low price.7th S Science topic (Swapna Sell the Cotton to the instead of Kurnool Cotton Market)
Did Swapna get a fair price?
Did Swapna get a fair price on the cotton? Ans. No, Swapna did not get a fair price on the cotton because local trader paid her low price.Why do 99% of traders lose money?
Poor Risk Management:Traders run a serious financial risk when appropriate risk management techniques are not followed. Because traders could invest more than they can afford to lose, poor risk management can result in significant losses.What determines the price of a shirt?
Use the retail price formulaStart by calculating the total cost to produce one shirt, including materials, labor, and overheads. The wholesale price itself should be about double your production cost. This formula helps ensure you cover expenses and achieve a reasonable profit margin.
Why does the cotton price decrease?
Globally, cotton prices declined due to expectations of a larger U.S. crop and increased output from China. India's raw cotton exports fell sharply by 36% to 18.06 lakh bales, while imports surged nearly threefold to 41.40 lakh bales as mills sought cheaper foreign cotton amid high domestic prices.Why does Swapna take the harvest to the local trader?
It takes several days to harvest the cotton. Once the cotton is collected, instead of selling it at the Kurnool cotton market, Swapna and her husband take the harvest to the local trader. She had borrowed Rs. 2,500 from the trader at a very high-interest rate to buy seeds, fertilisers, and pesticides for cultivation.What are the benefits of fair trade cotton?
WHY CHOOSE FAIRTRADE COTTON? Fairtrade certification ensures that every cotton product you purchase is grown under ethical conditions, adhering to rigorous standards for both environmental sustainability and social fairness.Where do the village traders sell cotton?
Trader sells cotton to the Ginning Mill. 4. Garment exporters buy the cloth from merchants for making shirts.What is the importance of markets?
It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any trade-able item to be evaluated and priced.How has the shirt market changed?
The shirt market has witnessed significant evolution, driven by changes in consumer preferences, fashion trends, and technological advancements in textile production. Currently, the market is seeing strong demand across diverse demographics, including casual, formal, and activewear segments.What is the putting out system Class 7?
Complete answer: The putting-out system is an old method of buying and selling domestically produced goods. It's also known as the cottage industry, and the weaver's entire family is usually involved in the process. The weaver and the merchant are both parties involved in the putting-out system.What is the process of making a shirt from cotton class 7?
The process of making a cotton shirt is- Picking→Ginning→Spinning→Weaving→Sewing i. Picking- Cotton bolls are picked up from the plants in the fields by hand. ii. Ginning- Separation of fibres from seeds by combining.Why did cotton become popular?
British cotton goodsCotton's versatility allowed it to be combined with linen and be made into velvet. It was cheaper than silk and could be imprinted more easily than wool, allowing for patterned dresses for women. It became the standard fashion and, because of its price, was accessible to the general public.