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NCERT Class 7 Civics: Chapter 7 discusses ‘Markets Around Us’. At one level, we study different market sites: a weekly market, neighbourhood shops, a shopping complex, etc. At another level, we explore the intricate question, ‘How do goods reach these markets?’ We examine how a chain of markets operates and the role of wholesale markets within this, through the case study of a wholesale vegetable market. We usually associate ‘market’ with marketplaces, but buying and selling takes place in diverse ways and the chapter discusses how all of this falls within a larger understanding of markets.
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Also Read: Understanding Capitalism: Definition, History, and Significance
Market Around us Class 7 Notes
Let us now explore the important definitions of Class 7 Civics Chapter 7!
Important Definitions in NCERT Class 7 Civics Chapter 7
- Weekly market: These markets are not daily markets but are to be found at a particular place on one or maybe two days of the week. These markets most often sell everything that a household needs ranging from vegetables to clothes to utensils.
- Mall: This is an enclosed shopping space. This is usually a large building with many floors that has shops, restaurants and, at times, even a cinema theatre. These shops most often sell branded products.
- Wholesale: This refers to buying and selling in large quantities. Most products, including vegetables, fruits and flowers have special wholesale markets.
- Chain of markets: A series of markets that are connected like links in a chain because products pass from one market to another.
Also Read: What is Local Self-Government? Definition, Functions, Importance
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Important Questions in NCERT Class 7 Civics Chapter 7: Free PDF Download
1. In what ways is a hawker different from a shop owner?
Ans. A hawker does not have a designated location from where they sell their items. Instead, they move from one location to another to sell at a minimum profit. There is a minimum capital investment when it comes to setting up a business unit, and there is no limit to the wares that can be sold by a hawker while bringing their service to the very doorstep of customers.
A shopkeeper has a designated building from where they sell their wares. Customers will come to buy their preferred items at the shops. A shopkeeper’s customer base is limited to the geographical location of their shop. The wares sold can be limited to the type of shop. For example, a clothing store will only sell clothes, while a bookshop will only sell books etc.
2. Compare and contrast a weekly market and a shopping complex on the following:
| Market | Kind of goods sold | Prices of goods | Sellers | Buyers |
| Weekly market | ||||
| Shopping complex |
Ans:
| Market | Kind of goods sold | Prices of goods | Sellers | Buyers |
| Weekly market | Different items of everyday use, such as vegetables, groceries, clothes, items, utensils, etc. | Prices of goods are not that high. They can be easily afforded. | Small traders and hawkers | People belonging to the lower-middle-income group. |
| Shopping complex | Branded items such as readymade clothes, home appliances, footwear, leather items, etc. In some complexes, there is even food items available for immediate consumption. | Prices of goods are usually high. Only those who have a high income can buy them. | Big businesses and traders | People belonging to the upper-middle class and above. |
3. Explain how a chain of markets is formed. What purpose does it serve?
Ans. The people in between the producer and the final consumer are the traders. The wholesale trader first buys goods in large quantities. For example, the vegetable wholesale trader will not buy a few kilos of vegetables but will buy in large lots of 25 to 100 kilos. These will then be sold to other traders. In these markets, buying and selling take place between traders. It is through these links of traders that goods reach faraway places. The trader who finally sells this to the consumer is the retailer. This could be a trader in a weekly market, a hawker in the neighbourhood or a shop in a shopping complex. Thus, it can be concluded that from factories to consumers, a chain of market is formed.
4. ‘All persons have equal rights to visit any shop in a marketplace.’ Do you think this is true for shops with expensive products? Explain with examples.
Ans. Yes, this is true for 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 shown. That decision is solely left to the choice of the consumer. An example of this can be; RIya and Lata went to Delhi Mall for a casual visit. While exploring their way through the mall, they enter a shop which is selling branded clothes. Although they admire the quality of the clothes, the unbelievable 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.
Ans. Considering the advancements in technology, buying and selling can definitely take place without going to a marketplace. We call it online shopping. Now, people do not need a 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 they will be delivered to them.
Explore Notes of All subjects of CBSE Class 7:-
| CBSE NCERT Notes Class 7 English | CBSE NCERT Notes Class 7 History | CBSE NCERT Notes Class 7 Geography |
| CBSE NCERT Notes Class 7 Civics | CBSE NCERT Notes Class 7 Mathematics | CBSE NCERT Notes Class 7 Science |
Don’t Forget to Check Out Previous Chapters Notes Class 7 Civics:
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FAQs
Weekly markets can be found at a particular place on one or maybe two days of the week. These markets most often sell everything that a household needs ranging from vegetables to clothes to utensils.
A mall is an enclosed shopping space. This is usually a large building with many floors that has shops, restaurants and, at times, even a cinema theatre. These shops most often sell branded products.
A hawker does not have a designated location from where they sell their items. Instead, they move from one location to another to sell at a minimum profit. There is a minimum capital investment when it comes to setting up a business unit, and there is no limit to the wares that can be sold by a hawker while bringing their service to the very doorstep of customers.
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