NCERT Solutions Class 7 Social Science Chapter 7 Markets around Us

Exercises:

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

Answer

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

Answer

Answer

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

Chain of markets is a series of markets that  are connected  like  links in a chain  because products pass from  one market to another.

(ii)  The vegetable wholesale  trader buys goods in large quantities.

(iii)  These will then  be sold to other  traders.

(iv)  Retailers  take these  vegetables to the market where consumers buy these.

 Purpose it serves:

(i) Consumers  can easily  buy goods of far off places in the  local markets.

(ii)  Factories  and producers don't  need to find  their consumer directly.

(iii)  It encourages production and new opportunities are created  for people to earn.

(iv)  Provides employment to large  number of people.

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.

Answer

All persons  have equal rights  to visit  any shop in a marketplace but this  is however not true  for shops with expensive products. For exam pie:

(i)  Big commercial shops don't  allow the  poor people to enter  their  shops sometimes. They consider  them  as inferiors and incapable  of buying  their  products.

(ii)  People from  lower  income  group  cannot  afford  to buy branded  products and hesitate  to enter  big shops.

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