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Q1 In what ways is a hawker different from a shop owner?
Ans: Hawkers do not own permanent shops whereas shop owners have their permanent shops. They usually sell items such as vegetables and fruits. They have lesser income levels than that of shop owners. Even they have to bear less expenses (like rent electricity, wages to workers, etc.) than that of shop owners.
Q2 Compare and contrast a weekly market and a shopping complex on the following:
Ans: Market
Kinds of goods sold
Price of goods
Sellers
Buyers
Weekly markets
Unbranded goods are available
Reasonable
Earn less
Cannot afford the cheapest goods too
Shopping complex
Both branded and unbranded but mainly branded
Costly
Rich and earns well
Can afford everything
Q3 Explain how a chain of markets is formed. What purpose does it serve?
Ans: 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.
Q4 ‘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.
Ans: It is correct that all persons have equal rights to visit any shop in the market place. It's not true for shops with costlier products. For which following reasons are stated below: People with higher incomes can buy costlier products. Hence, these people go to the shops with luxury goods and not the people with lower income. The low-income people purchase goods from shops and weekly markets, as they are available at lower rates.Examples: People with high income purchases green vegetables from multiplexes while poor people purchase green vegetables from vegetable sellers.
Q5 ‘Buying and selling can take place without going to a marketplace.’ Explain this statement with the help of examples.
Ans: In following manner, we can do buying and selling without going to a market place.
Examples: We can order goods from the telephone and get their delivery. We can also visit the associated website over internet and order the products. We can pay through internet banking via various apps or in the cash on delivery of goods.
Markets Around Us Question Answers: NCERT Class 7 Social Science - Social and Political Life (Civics)
Welcome to the Chapter 8 - Markets Around Us, Class 7 Social Science - Social and Political Life (Civics) - NCERT Solutions page. Here, we provide detailed question answers for Chapter 8 - Markets Around Us.The page is designed to help students gain a thorough understanding of the concepts related to natural resources, their classification, and sustainable development.
Our solutions explain each answer in a simple and comprehensive way, making it easier for students to grasp key topics and excel in their exams. By going through these Markets Around Us question answers, you can strengthen your foundation and improve your performance in Class 7 Social Science - Social and Political Life (Civics). Whether you're revising or preparing for tests, this chapter-wise guide will serve as an invaluable resource.
Exercise 1 ( Page No. : 91 )
Key Features of NCERT Class 7 Social Science - Social and Political Life (Civics) Chapter 'Markets Around Us' question answers :
- All chapter question answers with detailed explanations.
- Simple language for easy comprehension.
- Aligned with the latest NCERT guidelines.
- Perfect for exam preparation and revision.
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