NCERT Solutions for 7th Class Social and Political Life – II 7th Chapter
Chapter 7 spotlights parts of life and business cycles related to the market. In this part, students will find out with regards to the week after week market, shops in the area, shopping complexes and shopping centers, chain of business sectors, markets, and equity. The activity contains 5 questions and the responses to them are given in the NCERT Solutions to 7th Class Social science Civics 7th Chapter “Markets around Us”. Students can go through these answers to become familiar with a powerful method of communicating their responses in the exam.
Chapter 7: Markets around Us
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NCERT Solutions for 7th Class Social science Civics (Social and Political Life – II) 7th Chapter Markets Around Us:- Download PDF Here
- In what ways is a hawker different from a shop owner?
A. Difference between a hawker and a shopkeeper.
| S. No | Hawker | S. No | Shopkeeper |
| 1. | Hawker is a trader who sells his goods by shouting selling goods in thelis or keeping his goods on his head. | 1. | A shopkeeper is a trader who owns a shop in a market or in a street. |
| 2. | He does not spend any money on the shop. | 2. | He spends money on the upkeep of the shop like rent, cleaning, etc. |
| 3. | He sells his goods at cheaper rates as he does not spend much on the upkeep of the shop. | 3. | He sells his goods at higher rates. |
| 4. | His goods are not generally packaged and branded. | 4. | His goods are generally packaged and branded. |
- Compare and contrast a weekly market and a shopping complex on the following:
Ans:
| Market | Kind of goods sold | Prices of goods | Sellers | Buyers |
| Weekly market | Mostly inferior quality oose, not branded. | Cheaper | Small traders
hawkers |
People belonging to low-income groups, labourers. |
| Shopping Complex | Superior goods, mostly packaged and branded. | Higher | Big business owners. | People belonging to higher income groups. |
3. Explain how a chain of markets is formed. What purpose does it serve?
A. Goods are first produced in factories, farms, and homes (depending on the type of business it is). However, it does not mean that a consumer needs to visit these places to buy these goods since the ones making them will not sell in small quantities to an individual buyer.
This is where wholesale traders come in. They are the intermediaries between the producers and the final consumers. They first buy the goods in bulk and then sell them to the retailers. The amount sold will be in accordance with the demand prevalent. These retailers will finally sell it to the end consumers.
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Thus, it can be inferred that from factories to consumers, a chain is formed. This is called a chain of markets or market chain. It can be better understood from the flow chart given below:
It is this market chain that maintains equilibrium in the supply and demand of the economy.
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.
A. Yes, it is applied to all the shops with expensive items. Even if the consumer cannot afford to buy them, the shopkeeper is still obligated to show the items up for display. The shopkeeper under no circumstances may force the consumer to buy the item presented. That decision is solely left to the discretion of the consumer.
An example of this can be given below:
Sujata and Kavita went to Ansal Mall for a casual visit. While exploring their way through the mall, they enter a shop which is selling branded clothes. Although they liked the quality of the clothes, the expensive price tags on them made them move away to a different shop selling the same type of clothes at a reasonable price.
5. ‘Buying and selling can take place without going to a marketplace’. Explain this statement with the help of examples.
A. The age of the internet has opened the proverbial door to new opportunities. Now one does not need a physical marketplace to buy and sell goods. They can now be purchased online through cards and payment apps. One can just place the order and it will be delivered to their doorstep. It applies to even local Kirana stores, where with the help of a web or mobile app, one can place orders for groceries and it will be delivered to them.
Thus, buying and selling take place in different ways and do not require the physical presence of a shop.
Markets Around Us
The NCERT 7th Class Social and Political Life – II 7th Chapter discussions about the accompanying points:
- Weekly market
- Shops in the area
- Shopping buildings and shopping centers
- Chain of business sectors
- Markets all over the place
- Markets and balance
Social and Political Life – II is a significant book for the 7th Class Social Science subject. Aside from this part, the full arrangement of NCERT Solutions for 7th Class Social Science is given in the connected article.
Frequently Asked Questions on NCERT Solutions for 7th Class Social science Civics 7th Chapter
- What are the significant points examined in the 7th Chapter of NCERT Solutions for 7th Class Social science Civics?
- Are the NCERT Solutions for 7th Class Social science Civics 7th Chapter crucial for the last, most important exam arrangements?
- What are the great advantages of involving the INFINITY LEARN’s NCERT Solutions for 7th Class Social science Civics 7th Chapter?
1. What are the significant points examined in the 7th Chapter of NCERT Solutions for 7th Class Social science Civics?
The significant themes examined in the 7th Chapter of NCERT Solutions for 7th Class Social science Civics are –
Week after week market
Shops in the area
Shopping buildings and shopping centers
Chain of business sectors
Advertises all over
Markets and fairness
For getting a superior perspective on these themes, students can allude to the NCERT Solutions given by INFINITY LEARN. Students can gain proficiency with each point in an intuitive so they can expert the exam with practically no dread.
2. Are the NCERT Solutions for 7th Class Social science Civics 7th Chapter crucial for the last, most important exam arrangements?
The NCERT Solutions for 7th Class Social science Civics 7th Chapter has been made to give students an unmistakable comprehension of how to respond to different coursebook questions accurately as they would show up in the exam. By alluding to these arrangements, students can support their arrangements for the last, most important exam and score good grades. Flawless clarifications are given in a nitty-gritty and elaborate way for each question to help students to accomplish the best scholastic score. Further, students can get to the arrangements of INFINITY LEARN whenever and anyplace for nothing.
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