NCERT Solutions for Class 7 Civics Chapter 7 –Markets Around Us (Social Science), contains solutions to various questions in Exercise for Chapter 7.At the end of the Solutions, all the keywords and Notes which are important to understand Chapter 7 Markets Around Us Class 7 Civics, have been explained in a simple and easy to understand manner. We are providing NCERT Solutions for Class 7 all subjects which can be accessed by clicking here.
NCERT Solutions for Class 7 Civics Chapter 7 –Markets Around Us– Solutions to Question 1 and Question 2
NCERT Solutions for Class 7 Civics Chapter 7 –Markets Around Us– Solutions to Question 3 to Question 5
NCERT Solutions for Class 7 Civics Chapter 7 –Markets Around Us Exercises includes – Questions/Answers which helps you to understand the topic covered in Markets Around Us Class 7 Civics (Social Science), in a better manner to help you to score good marks in your examinations.
NCERT Solutions for Class 7 Civics Chapter 7 –Markets Around Us – NCERT Exercises
In what ways is a hawker different from a shop owner?
Compare and contrast a weekly market and a shopping complex on the following:
Explain how a chain of markets is formed. What purpose does it serve?
A chain of market is like a cycle that goes on. It starts with the big wholesalers and ends with the consumer. Firstly, from big wholesaler small wholesalers buy who in turn sell these items to middle men who further distribute these items to shopkeepers and these shopkeepers sell the items to the customers who are the consumers. With every step the quantity sold reduces as the items get distributed to many down the hierarchy.
It is important to create this chain of markets as a market serves the purpose of demand and supply and acts as the source between the producers and consumers. It is not possible for a producer to sell all the goods to one single person neither is it possible for the consumer to buy all the products hence this market chain evenly distributes the goods among various consumers relieving the burden of the producer.
‘All persons have equal rights to visit any shop in a market place.’ Do you think this is true of shops with expensive products? Explain with examples.
All persons have equal rights to visit any shop in a market and it does not depend on whether the shop is selling expensive items or cheaper ones. One can enter any shop check out the goods and buy the item if it fits in their budget. If they do not like or the product is out of their budget they can simply not buy anything or find a different shop for the same.
For example: When Rajat and Anusha went to a candy store they really liked a few candies however they had only Rs.100 with them. On the other hand the candies were expensive and none of the candies were less than Rs.250. So they decided to buy candies from a different shop which fit in their budget.
Buying and selling can take place without going to a market place’? Explain this statement with the help of examples.
Buying and selling can take place without going to a market place as in today’s time period technology has developed a lot and we can use e-shopping sites or online shopping applications to buy the product of our choice. Moreover, buying and selling can be done over the phone as orders can be taken over the phone and products can be delivered. For example: When we want to buy a particular imported item like perfume which is not available in our country but is sold in some other country and it is not possible for us to physically visit the shop, then with the help of online shopping applications we can buy the item and get the product delivered at our doorstep.
Topics Covered in Markets Around Us Chapter 7 Civics (Social Science)
- Weekly market Weekly market
- Shops in the neighbourhood
- Shopping complexes and malls
- Chain of markets
- Markets everywhere
- Markets and equality
Important Terms Relevant for NCERT Solutions for Class 7 Civics Chapter 7 –Markets Around Us:
Weekly Markets: These are markets which are open only once in a week selling variety of items like grocery, clothes etc. mainly found in towns or villages along roadside or a particular ground or area.
Chains: A series of markets connected to one another selling similar items at similar price range but operating at different places. E.g. Big bazar.
Wholesale markets: Shops selling huge quantity of similar products at a low or bulk price for further buying and selling process.
Malls: Big market complex selling almost all types of items of variety price range at fixed prices and also serves as entertainment spots for most buyers or visitors.
Hawker: A hawker is a person who sells different items of regular use or grocery like vegetables, fruits, small plastic items etc. mainly with the help of a thela or a small cart going from one place to another.