Market around us class 7 solutions that can save a relationship

NCERT Solutions For Class 7 Civics Social Science Chapter 8 Markets Around Us

market around us class 7 solutions that can save a relationship

class seven social science civics chapter on markets. my_logo. Class 7 civics We go to the market to buy everyday essentials, comfort goods and luxury goods. In other This is because since these shops are not permanent, they save on expenses such as rent, electricity and fees to the government. NCERT Solution. "The Weizmann Institute might be described as a supreme point of The Institute , being primarily dedicated to science in its most disinterested, purest form, it seemed about to sink into a sea of sand: There was not a blade of grass to and I had before my eyes the green lawns of English and American Universities and. NCERT Book Social Science- Social and Political Life II- Class VII - Free download as In this chapter you will read more about equality – what it is, why it is . has access to all public places including playgrounds, hotels, shops and markets. Does this have any relationship to the roles children have to play as adults?.

Explain this statement with the help of examples. This is the age of Internet. It has changed the mode of everything.

NCERT Solutions For Class 7 Civics Social Science Chapter 8 Markets Around Us

We can now make on-line purchases with the help of credit cards. We can place orders through the Internet and the goods are delivered at our place. These medical representatives are also engaged in selling goods. Thus, buying and selling takes place in different ways, without going to the market. Why is a weekly market called so?

A weekly market is called so because it is held an a specific day of the week.

market around us class 7 solutions that can save a relationship

Why is there a competition among the shops in the weekly market? In the weekly market there are many shops that sell the same goods. This creates competition among them. What does he do? Sameer is a small trader in the weekly market. He buys clothes from a large trader and sells them in six different markets in a week.

Give some examples of roadside stalls. Vegetable hawker, fruit vendor, mechanic. How are shops in the neighbourhood useful? These types of shops are close to our home and we can go there any time.

As the buyer and seller know each other these shops also provide goods on credit. Where are goods produced? Goods are produced in factories, on farms and in homes. Why do we not buy directly from the producer? It is because the producer is not interested in selling goods in small quantities. Who is a retailer? A retailer is a small trader who buy goods from the wholesale trader and sells this to the consumer. Aftab is a wholesaler in the city. He purchases vegetables in bulk and sells them to hawkers and shopkeepers.

How are buyers different people? There are many buyers who cannot afford evan the cheapest of goods. While others frequently visit malls and buy different items. What is done in the wholesale markets? This is where goods first reach and are then supplied to other traders. Write in brief about shopping complexes and malls. Shopping complexes and malls are usually found in urban areas.

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These are large multi-storeyed air-conditioned buildings with shops on different floors. These shops sell both branded and non-branded goods. Fewer people visit malls because they sell costly items. Only well-to-do people can afford to buy these items. What is the job of a wholesale trader?

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A wholesale trader buys goods from the producer in large quantities. He then sells them to other traders, say small traders. These small trader sell different items to the final consumer. Thus, the wholesale trader establishes link between the producer and the consumer. It is through these links of traders that goods reach faraway places. How are shop owners in a weekly market and those in a shopping complex very different people?

Both are undoubtedly different people. On the other hand the shop owners of a shopping complex are big parties. They have a lot of money to spend on their shops. The weekly market trader earns little compared to the profit of a regular shop owner in a shopping complex. Aftab is a wholesaler of vegetables.

Many items are available in the weekly markets at cheaper rates. This is because since these shops are not permanent, they save on expenses such as rent, electricity and fees to the government. The shop owners store the items they sell at home. Mostly, they are helped by the family members and do not employ outside people and hence also save the money spent on wages to workers.

Since these markets have a large number of shops selling the same item, there is high competition among them. Hence if a seller charges a higher amount for an item, buyers will buy from another seller who either charges a lower rate or allows the buyer to bargain to some extent.

Advantages of weekly markets One stop shop: All the items are available under one roof. Buyers do not have to go to different places for different goods.

This saves their time and money. Whether they want groceries, vegetables, clothes or footwear- all are available at one place.

More choice for buyers: Since there are many sellers selling the same product, the buyer has a choice regarding who to buy from. Since a high variety of goods is available, it is very convenient for the buyer.

market around us class 7 solutions that can save a relationship

Shops in the neighbourhood Many shops sell goods and services in our neighbourhood. For example; The dairy, selling milk and related products Departmental stores; selling groceries, stationery, eatables, etc.

market around us class 7 solutions that can save a relationship

Pharmacies; selling medicines These are a mix of permanent shops and roadside stalls. Roadside stalls are that of eateries, vegetable hawkers, mechanic, etc. Advantages of shops in the neighbourhood Proximity: As the name suggests these shops are in our neighbourhood and hence close to our homes.

These shops, unlike weekly markets, operate on all days. Hence we can go for our purchases on any day of the week at our convenience.