Market Around Us Class 7

CHAPTER 8 (CIVICS)

MARKET AROUND US

ANSWER THE FOLLWING QUESTIONS:-

1.     Why we go to the market?

Ans: We go to buy many things (vegetables, soap, toothpaste, spices, bread, rice, dal, clothes, notebooks, biscuits.

2.     Write types of markets?

Ans: There are many kind of markets that we may visit for our everyday needs: these can include shops, hawkers’ stall in our neighbourhood, weekly market, a large shopping complex, perhaps even a mall.

3.     What is weekly market?

Ans: A weekly market is called so because it is held on a specific day of the week. Weekly markets do not have permanent shops.

4.     Why things are cheap in weekly market than permanent markets?

Ans: Things are cheap in weekly market than permanent markets because:-

a.     There are a lot of expenditure incur in the permanent market e.g. rent of the shop, electricity bills, government fee etc.

b.     They have to pay wages of the workers.

c.      On the other hand, in the markets, the shopkeepers need not to pay rents, electricity bills and fee of the government. They also do not have to pay wages of the workers as they are helped by their family members.

5.     Write the uses of neighbourhood shops.

Ans: uses of neighbourhood shops are as follow:-

a.     They are near our houses.

b.     We can go there any day of the week.

c.      The buyers and the sellers know each other.

d.     We can buy goods on credit also.

6.     What do you mean by shopping complex?

Ans: The markets in the urban area that have many shops under one roof are called shopping complex.

7.     What do you mean by malls?

Ans: In urban areas there are many large multi storeyed air conditioned buildings with shops on different floors known as malls. These shops are mostly branded.

8.     Why branded goods are expensive?

Ans: Branded goods are expensive because they are often prompted by advertising, better quality and transportation.

9.     Explain chain of markets? What purpose does it serve?

Ans: Producer-àbig traders-à whole sellers-à retailers-à consumers.

Producers produces wheat, rice, cotton etc... Then big traders buy those products from the producers in large quantity. Then the big traders sell these products to the whole sellers. Whole sellers convert these materials into products into finished items like biscuits. Cloths and toys. Then they sell these finished goods to the retailers. The consumers buy those products from the retailers.

The purpose of the chain of market is to serve as that the consumers cannot buy bulk of the products directly from the producers and the producers cannot sell the goods in a small quantity. So there is a need of the chain of market.

10.In what ways a hawkers different from a shop keeper?

Ans:

	HAWKERS	SHOPKEEPERS
1.	They do not have a permanent shops.	They have permanent shops.
2.	Income level is less.	Income level is high.
3.	They cannot give on credit.	They can give on credit.
4.	Their expenses are less.	There expenses are more.
5.	There goods are cheap.	There goods are comparatively costly.

11.All persons have equal rights to visit any shop in a market place. Do you think this is true of shops with expensive products? Explain with example.

Ans: yes a poor person can visit any shop in the market place. He cannot be stopped by anyone because of his poor appearance. If any person have enough money he can also visit to any mall or shopping complex. Here in this story the poor person went to a mall but no one stopped them. The security guard wanted to stop them but he did not. But when Sujata saw the things she found that she could buy the same things at less and reasonable price from some other shop. She came back without buying anything.

12.What is market?

Ans: Market is a place where buying and selling take place.

13.Buying and selling take place without going to a marketplace. Explain the statement with example.

Ans: Yes we can buy and sell anything without going anywhere. For this we can login any shopping site on the internet. We can order the things that are required and make payments either by card or in cash. If after delivery we find the received goods not up to the mark or of low quality we have the option to return it and get our money back. For example to buy something we can open Snap-deal or Amazon. We can type any product that we want. The site will show many options of the same products along with the price. We can order what we want to buy and select payment option online payment or cash on delivery. Now select the payment mode and order the thing. You will get the delivery in a day or two.  Now if you find the product is not as it was shown you can again open the same site and return the product. The money will be refunded to you also.

14.What do you mean by whole seller?

Ans: This refers to the buying and selling in a large quantity of all the products including vegetables, fruits, flowers, cloths, pulses etc.

15.Why do people go to weekly markets?

Ans: people go to the weekly markets because of the following reasons:-

1.     Many things in the weekly markets are available at the cheaper rates.

2.     Most of the things you need are available at one place.

3.     You do not have to go to different areas to buy different things.

4.     There is a choice and variety of goods.

5.     We can do bargaining also.