A Shirt in the Market Class 7 Notes CBSE Political Science Chapter 8 (FREE PDF Download)

A Cotton Farmer in Kurnool

Swapna is a small farmer who lives in Kurnool, Andhra Pradesh, and grows cotton crop on her small piece of land. It took several days in order to harvest the cotton. Once the cotton is collected, instead of selling it directly at the market, Swapna and her husband took the harvested cotton to the local trader. She asks for Rs. 2,500 from the trader as a loan with a very high interest rate in order to buy seeds, fertilisers, pesticides for more cotton cultivation. In return, the local trader offered Swapna another term that she will have to sell all her cotton to him. In the end she received only 3,000 rupees.

The Cloth Market of Erode

Erode’s is a quite popular bi-weekly cloth market in Tamil Nadu, and is considered as one of the largest cloth markets in the world. A large different type of cloth is sold in this market. Cloths are made by weavers living in the villages and are brought to the market for selling it. Cloths are made on recieving an order from the merchant. These merchants supply cloth to the garment manufacturers and exporters across the country. They purchase the yarn from the merchants and are sent further and instructions are given to the weavers about the kind of cloth that is to be made.

Putting-out System

For the weavers, this type of arrangement has two advantages:

1. The weavers do not have to spend money by purchasing the yarn.

2. Weavers don’t have to think about the selling of finished cloth as they work on contract basis.
   
   

Whereas there are a few disadvantages also  the weavers:

1. Dependency of weavers on raw materials and markets makes merchants more powerful.

2. Weavers are paid little less wages for making the cloth.

3. The market works in favour of the merchants instead of weavers. This arrangement between the weavers and the merchants is an instance of a putting-out system, in which the merchant supplies the raw material to the weaver and in return receives the finished product from the weavers.

The merchant supplies the cotton cloth to the weavers for weaving and further to a garment exporting factory or cloth factory. The garment exporting factory now uses the cloth to make shirts. These shirts are further exported to foreign buyers. Foreign buyers are generally businessmans from either US or Europe who run a chain of stores and do business strictly on their own terms as given:

1. Demanding the lowest prices from the supplier.

2. Set high standards for quality of production and timely delivery of the product.

3. Any sort of defects or delay in delivery is dealt strictly.
   
   

A number of shirts are displayed at clothers shop in the United States and of different costs.

Market and Equality

The foreign businessperson have made huge profits from the market. When being compared to the garment exporter who made only moderate profits. Whereas, the earnings of the workers at the garment export factory are very small and remains same and can only cover their day-to-day needs.

Being compared to the weavers, merchants or traders earned good but much less than the exporter. Therefore, everyone did not get equal profit in the market. Generally, powerful people get the maximum earnings from the market.

Chapter Summary - A Shirt in the Market

In "A Shirt in the Market," Class 7 students dive into the captivating world of market dynamics. The chapter unfolds the story of a shirt's journey, elucidating the stages from production to consumption. Through this tale, students grasp the intricate workings of markets, understanding the roles of producers and consumers. It provides a vivid illustration of economic concepts, emphasizing how goods reach us. By the chapter's end, students gain valuable insights into the interconnected web of transactions, fostering a deeper comprehension of the vital role markets play in our everyday lives.

Study Tips for Class 7 Social Chapter 8 - A Shirt in the Market

These eight essential tips for Class 7 students diving into "A Shirt in the Market”  from active reading and visual aids to collaborative discussions and online resources, these strategies will enhance your understanding and make learning about market dynamics an engaging experience.

1. Read Actively:

Engage with the chapter actively, taking notes and underlining key points while reading.

2. Understand Market Stages:

Grasp each stage of a shirt's journey, from production to reaching consumers, for a comprehensive understanding.

3. Discuss with Peers:

Share insights with classmates, fostering discussions to reinforce your understanding of market concepts.

4. Practice with NCERT Solutions:

Solve NCERT questions for Chapter 8 to solidify your grasp on the subject, using detailed solutions for guidance.

5. Relate to Real-life:

Connect the concepts to real-life examples, making the learning experience relatable.

6. Regular Revision:

Schedule regular revision sessions to keep the concepts fresh in your mind.

7. Utilize Online Resources:

Explore online resources, such as educational videos or interactive quizzes, to enhance your learning.

8. Stay Curious:

Maintain curiosity; ask questions and seek to understand the 'whys' behind market processes for a more enriching study experience.

What are the Benefits of Referring to Vedantu’s Revision Notes for Class 7 Chapter 8 - A Shirt in the Market

Embark on a journey of effective learning with Vedantu’s Revision Notes for Class 7 Chapter 8 - "A Shirt in the Market." These notes provide quick, clear summaries, simplify complex market concepts, and serve as an efficient tool for last-minute exam preparation, offering key insights and boosting confidence for a comprehensive understanding of this captivating chapter.

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8. Real-world Connections: Explore practical examples that connect market concepts to real-world scenarios, enriching your understanding of the chapter.

9. Boosts Confidence: Build confidence for exams by relying on comprehensive notes designed to support your journey through the "A Shirt in the Market" chapter.

Conclusion

For an enhanced comprehension of this subject, NCERT - Class  7 Chapter 8 - A Shirt in the Market, thoughtfully prepared by experienced educators at Vedantu, is your invaluable companion. These notes break down the complexities of A Shirt in the Market into easily digestible sections, helping you grasp new concepts and navigate through questions effortlessly and quickly at the last minute as well. By immersing yourself in these notes, you not only prepare for your studies more efficiently but also develop a profound understanding of the subject matter.