CBSE Class 7 Social Science Market around Us Assignment

CBSE Class 7 Social Science Assignment-Market around Us. Students are advised to refer to the attached assignments and practice them regularly. This will help them to identify their weak areas and will help them to score better in examination. Parents should download and give the assignments to their children for practice.

Please click the link below to doQ. 1Define the following

1. Intermediaries

2. Minimum support price

3. Market

4. Fair price shops

5. Auction

Q. 2 Distinguish between retailing and wholesaling.

Q. 3 Explain the role of intermediaries in a market.

Q. 4 Why does the government declare the minimum support price?

Q. 5 What are different types of markets? Explain.

Q. 6. Why are cooperative societies formed by the government?

Q. 7 Why the consumer has to pay quite a lot more than the wholesale price?

Q. 8 Why owners of permanent shops charge high price?

Q. 6 Fill in the following blanks:

1. Usually, the seller who sells to the consumers takes about _____________% of total profit.

2. The middleman takes about ___________%, leaving only about ___________ %for the

manufacturers and farmer producers.wnload CBSE Class 7 Social Science Assignment-Market around Us