NCERT Solutions for Class 7 Social Chapter 8 - Markets Around Us

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

Ans: The differences between hawker and shop owner are as follows:

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

Ans: 

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

Ans: The chain of markets can be formed in the following ways:

1. A market chain starts with wholesale markets and ends with retail shop owners selling directly to customers. There are wholesale markets and merchants in between. Traders of medium and large sizes. A hawker or retailer, for example, buys plastic things from one of the town's wholesalers. The local wholesaler, in turn, purchases from a larger city wholesaler. The city wholesaler purchases a big quantity of plastic items from the plant and stores them in godowns. As a result, a market chain is developed.

2. The objective of a market chain is to connect manufacturers and customers.

A producer cannot sell a tiny quantity of commodities to an individual consumer, and a consumer cannot purchase a big quantity of things from producers. As a result, wholesalers, merchants, and other intermediaries are needed to connect producers and customers. As a result, a market chain is developed. A market chain also ensures that those who participate in the chain are able to find work.

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.

Ans: In a marketplace, everyone has the same right to go to whatever shop they want. It makes no difference whether the store sells high-end things or everyday items at low prices. We have the freedom to go to any store and look at different things before purchasing if the pricing is right for us. We can illustrate this notion using an example.

Anzal Mall was visited by Kavita and Sujata. They walked inside a store that sold branded ready-to-wear clothing. They examined a few of the gowns before examining the price tags. None were under Rs. 2000, over five times the weekly market price. Their budget did not allow for it. As a result, they went to a different store. We can be buyers or sellers in the marketplace in a free economy, but our selections are mainly based on our financial resources.

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

Ans: ‘Buying and selling can be done without going to a market,' says the author. Based on the modern marketing and sales trend, this assertion is correct.

1. The conventional paradigm of marketing by manual presence to acquire and sell something has been revolutionised by technology. It is no longer essential to go to the market in order to acquire items. Anyone can use the phone or the Internet to place orders for a variety of items. Goods are delivered to the customer's home or to a location where they are required. Amazon, Snapdeal, and other e-commerce sites are examples of various e-commerce sites that facilitate buying and selling on the internet.

2. Salespeople are now seen in clinics and nursing homes, waiting for doctors or taking orders for various commodities or medicines.

3. Payments have been made easier because of the introduction of electronic wallets, internet banking, and swipe devices. This also encourages people to purchase and sell without having to go to a market.

NCERT Solutions for Class 7 Civics Chapter 8 – Free PDF Download

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Chapter 8 - Markets around us

Market 

A market is where buyers and sellers are involved in the sale and buy of products. In CH 8 Civics Class 7, it establishes a link between the producer and the consumer. There are different sorts of markets, namely, weekly markets, shops, shopping complexes or malls. The profit earned by different markets varies. NCERT Solutions for Class 7 Civics Chapter 8 will elaborate in a more detailed way about the market.

Trade

The solutions of Class 7 Civics Chapter 8 will provide you with proper knowledge about the trade. The transportation of goods or services from one person or entity to another, often in exchange for money, is called trading. An ancient form of trade saw the direct reciprocation of goods and services for other goods and services. Barter used to trade things without the use of money. 

When either bartering party began to involve precious metals, these gained symbolic also as practical importance. Modern traders generally make a contract through a medium of exchange, such as money. As a result, buying is often separated from selling or earning. The invention of cash greatly simplified and promoted trade. Trade between two traders is named bilateral trade, while trade involving two traders is called multilateral trade. All of these fundamentals are properly explained in NCERT Solutions for Class 7 SST Civics Chapter 8.

The Cloth Market

Textile Cloth Market Delhi is a milieu of the simplest and cheapest clothing within the country. The Sarojini Nagar market is the greatest reasonably priced clothing market within the state. It has sellers selling great quality branded and local clothes for boys, girls, women, men, and kids at the cheapest and wholesale rates. In East Delhi, the Gandhi Nagar Market is Asia's largest and most popular readymade Textile or Garment market. Textile Cloth Market Delhi has one among the most important and famous wholesale markets within the country. High-quality fabrics are used for the creation of great textile. Then, wholesalers and retailers sell these very clothes and garments. 

This information is well accessible when you read the NCERT Class 7 Civics Chapter 8 solutions.

The market is always flourishing with buyers. To know more about it, download NCERT Solutions for Class 7 Civics Chapter 8 market around us by visiting the official website.

The number one textile-producing country's capital city is sure to be a textile heartthrob of the nation. Delhi is that to India. Since it's the capital, it's more of everything. It has more varieties of textiles, amazingly high quantity, being the capital city it has more accessibility. It has various textile markets scattered everywhere in the town. Learn about more clothes markets from the NCERT Solution of Class 7 Civics Chapter 8.

Cotton

Cotton is a tender, plumy staple and pure cellulose fibre. It grows during a boll, or protective case, around the cotton plants' seeds. Under natural circumstances, the cotton bolls will increase the breaking of the seeds. Download the Class 7th Civics Chapter 8 solutions PDF file and learn more about it.

The plant could also be a shrub native to tropical and subtropical regions worldwide, including America, Africa, Egypt, and India. The simplest diversity of untamed cotton species is found in Mexico, followed by Australia and Africa. Cotton was independently domesticated within the Old and New Worlds. 

The use of cotton for cloth is known thus far to prehistoric times; cotton fabric fragments dated to the fifth millennium. The NCERT Solutions Class 7 SST Civics Chapter 8 will help the students increase their knowledge about cotton clothes.

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Conclusion

The NCERT Solutions for Class 7 Social Chapter 8 - Markets Around Us, provided by Vedantu, is a valuable tool for Class 7 students. It helps introduce Social concepts in an accessible manner. The provided solutions and explanations simplify complex ideas, making it easier for Class 7 students to understand the material. By using Vedantu's resources, Students can develop a deeper understanding of NCERT concepts. These solutions are a helpful aid for Class 7 students, empowering them to excel in their studies and develop a genuine appreciation for “Markets Around Us”.