NCERT Solutions Class 7 Social Science Civics Markets around Us

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NCERT Solutions for Class 7 for Social Science Civics Chapter 8 Markets around Us

Exercises:

1. In what ways is a hawker different from a shop owner?

Answer

Hawker

Shop Owner

(i)  Do not have permanent shops.

(i)  Have permanent shops.

(ii)  Generally  sells non branded items  such as fruits,

vegetables, cutlery, etc.

 

(ii)  Sells branded  as well as non branded  items.

(iii)  Don't  have expenses  like electricity bills, rents, workers, etc.

(iii)  Have expenses  like electricity bills, rents, workers, etc.

(iv)  Sells products  at cheaper rate.

(iv)  Sells cheaper  as well as costlier  products.

 

2. Compare and contrast a weekly market and  a shopping complex on the  following: 

Market

Kind of goods sold

Prices of goods

Sellers

Buyers

Weekly market

 

 

 

 

Shopping complex

 

 

 

 

Answer

Market

Kind of goods sold

Prices of goods

Sellers

Buyers

Weekly market

Non branded, Compromised quality

Cheaper

Small investors, Local

Locals, Low income, Poor

Shopping complex

Branded, Good quality

Costlier

InternationaI companies, Big investors

People from  big cities, High income, Rich


Answer

3. Explain how  a chain  of markets is formed. What purpose does  it serve?

Chain of markets is a series of markets that  are connected  like  links in a chain  because products pass from  one market to another.

(i) Vegetables  are produced  in farms.

(ii)  The vegetable wholesale  trader buys goods in large quantities.

(iii)  These will then  be sold to other  traders.

(iv)  Retailers  take these  vegetables to the market where consumers buy these.

 Purpose it serves:

(i) Consumers  can easily  buy goods of far off places in the  local markets.

(ii)  Factories  and producers don't  need to find  their consumer directly.

(iii)  It encourages production and new opportunities are created  for people to earn.

(iv)  Provides employment to large  number of people.

 

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.

Answer

All persons  have equal rights  to visit  any shop in a marketplace but this  is however not true  for shops with expensive products. For exam pie:

(i)  Big commercial shops don't  allow the  poor people to enter  their  shops sometimes. They consider  them  as inferiors and incapable  of buying  their  products.

(ii)  People from  lower  income  group  cannot  afford  to buy branded  products and hesitate  to enter  big shops.

 

5. 'Buying and  selling can take place  without going to a marketplace.' Explain this  statement with the help  of examples.

Answer

(i)  Buying  and selling  can take  place without going  to a marketplace as there  are many  e-commerce companies providing home  delivery for free.

(ii)  People can order  products from  these companies and get it delivered to their  home  without visiting the market.

(iii)  Some local shops also provide order  on phone facility and people can order  their  goods just  by a call.

(iv)  Plastic money  and internet banking  has made  it easier to provide alternate source of payment for buying from  the virtual market.

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