NCERT Solutions Class 7 Civics Chapter 7 Markets Around Us
NCERT Solutions Class 7 Civics Chapter 7 Markets Around Us: National Council of Educational Research and Training Class 7 Civics Chapter 7 Solutions – Markets Around Us. NCERT Solutions Class 7 Civics Chapter 7 PDF Download.
NCERT Solutions Class 7 Civics Chapter 7: Overview
Board |
NCERT |
Class |
7 |
Subject |
Social Science (Civics) |
Chapter |
7 |
Chapter Name |
Markets Around Us |
Topic |
Exercise Solutions |
NCERT Solutions Class 7 Civics Chapter 7 – Markets Around Us
1.) In what ways is a hawker different from a shop owner?
Ans- We buy goods from different kinds of markets like milk from the dairy, groceries from departmental stores, stationery, eatables or medicines from other shops. Many of these are permanent shops, while others are roadside stalls such as that of the vegetable hawker, the fruit vendor, the mechanic, etc.
A permanent shop has a fixed building where they operate on a regular basis whereas hawkers sell their things in a movable van. People can bargain from them but the shops have a fixed rate. So the masses usually prefer the hawkers.
2.) Compare and contrast a weekly market and a shopping complex on the following:
Market Kind of goods sold Prices of goods Sellers Buyers
Ans-
- Weekly Market- This type of market is held on a specific day of the week and does not have permanent shops.
- Kind of goods sold- Products ranging from vegetables, groceries , cloth items, utensils etc are sold.
- Prices of goods- It is cheaper compared to the permanent shops and people can also bargain.
- Sellers- They are usually small traders.
- Buyers- The buyers are generally from the neighbourhood but people sometimes from other places.
- Shopping Complex- This type consists of a building with many shops on different floors.
- Kind of goods sold- It has both branded and non-branded goods.
- Prices of goods- The branded products are very expensive but the non-branded ones are affordable.
- Sellers- Big traders and brand owners
- Buyers- Mostly the rich and middle class people.
3.) Explain how a chain of markets is formed. What purpose does it serve?
Ans- First the goods are produced in factories, farms and in homes. Then the wholesale traders buy those products in huge quantities and after that buying and selling takes place between them. The trader, who finally sells this to the consumer, is the retailer. This could be a trader in a weekly market, a hawker in the neighbourhood or a shop in a shopping complex.
Factories/Farms/Homes- Wholesale- Retailer- Consumer
4.) ‘All persons have equal rights to visit any shop in a marketplace.’ Do you think this is true of shops with expensive products? Explain with examples.
Ans- All persons have equal rights to visit any shop in a market place irrespective of their social & economic status.
Window shopping is one thing but actually purchasing a product is another. So to buy expensive products, a consumer should have enough money. There are different types of markets for everyone to buy products according to their own budget. For example- A person with high income will buy a dress from the shopping mall whereas the low income consumer will buy from weekly market.
5.) ‘Buying and selling can take place without going to a marketplace.’ Explain this statement with the help of examples.
Ans- In today’s World, a person can simply place orders for a variety of things through the phone and the goods are delivered at our door step.
During this pandemic situation, all shops have started online portals for the customers to order everything sitting at home. With a single click all products are available at our home. For example- spencers, reliance, amazon, flipkart have gained a lot more popularity during this crisis and now people have become more comfortable in ordering online rather than physically going to a place.