NCERT Solutions Class 7 Social Science Civics Markets around Us

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.

Tags: 

 


Click for more Social Science Study Material

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

CBSE Board Exams in July Press Release

CBSE has released press note for the dates for the CBSE Board exams for Class 10. CBSE said “With regards to conduct of Class X examinations several queries are being received by the CBSE. In this context, it is once again reiterated that remaining examinations of...

CBSE Online Training for Teachers 2020

It is clear that this pandemic has utterly disrupted an education system that many assert was already losing its relevance. Enhancing professional development digitally is a need in the times of COVID-19, where social distancing and remote interactions is the new...

CBSE Boards Paper Checking to Start

As per the announcement recently released by the Ministry of Home Affairs, at least 3000 CBSE affiliated selected as evaluation centers for board exam answer sheets will be allowed to open for the limited purpose of evaluation purposes only. The answer sheets for Board...

Board Cancelled Official CBSE Statement

Keeping in view the requests received from various State Governments and the changed circumstances as on date, following has been decided- 1. Examinations for classes X and XII which were scheduled from 1st July to 15th, 2020 stand cancelled. 2. Assessment of the...

TV Channels for Students by CBSE

In enhancing the students studying part, the Government is planning to introduce one standard one channel plan. The lockdown in India has adversely collapsed all the operations including schools, colleges, and workplaces with unanticipated setbacks. On behalf of the...

Procedure for correction in Name and Date of Birth

Procedure for correction in Name and Date of Birth in CBSE records Name Change: Applications regarding changes in name or surname of candidates will be considered provided the changes have been admitted by the Court of law and notified in the Government Gazette before...

×
Studies Today