Explain how a chain of markets is formed | Class 7 Social Science - Social and Political Life (Civics) Chapter Markets Around Us, Markets Around Us NCERT Solutions

Welcome to the NCERT Solutions for Class 7 Social Science - Social and Political Life (Civics) - Chapter Markets Around Us. This page offers a step-by-step solution to the specific question from Exercise 1, Question 3:

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

. With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.

Question 3:

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

Answer:

Goods are made in factories, as well as in farms and in homes. But we need not to move to factories or farms to purchase goods of our need, because they don't sell small quantities. The wholesale traders are the people who come in between the producer and the final consumer. They use to purchase goods in bulk. Then they sell them to the retailers, thus finally to the consumers. From the above explanation we can conclude that a chain is formed from factories to final consumers, which is known as chain of markets.  It serves a goal. It continues the flow of money. It makes various items of our daily use easily accessible. It also increases society coordination.

 


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Markets Around Us.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 7 Social Science - Social and Political Life (Civics) - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 3: Explain how a chain of markets is formed. What purpose does it serve?....

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