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Merchants are mainly there in rural areas.....they provide money with out collaterals and with high intrest.......they are the fast means of getting money.....and richly displayed means showing richness....
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The merchants are people who are selling things like the tunics,wares,etc. 'The term's richly displayed' means that the merchants have displayed their goods in a very beautiful way.

I have written this answer from the poem 'in the bazaars of Hyderabad ' by Sarojini Naidu
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