Class 7 Social Science Chapter 8 - Markets Around Us: This chapter unveils the fascinating world of markets, revealing how they function and influence our lives. Delve into the vibrant dynamics of buying and selling, discovering the diverse markets that shape our communities. Experts at Study Studio have created the NCERT Solution for Class 7 Civics Chapter 8, to make study more effortless. The download is available on the Study Studio website. Get the NCERT Solution for Class 7 Civics, Chapter 8, in PDF format, and reread it whenever you want. NCERT Solution for Class 7 Civics Chapter 8 is made with the experts' experience gathered by the year. ch8-1Download NCERT Solutions for Class 7 Social Science - Social and Political Life Chapter-8 1. In what ways is a hawker different from a shop owner? Ans: The differences between hawker and shop owner are as follows: Hawker Shop Owner1. A hawker does not have a fixed shop and works in a weekly market.1. They are more widely used and well-liked by the general public.2. Hawkers offer things that aren't branded, such as fruits and vegetables.2. A shopkeeper sells both branded and non-branded things.3. Because the shops aren't permanent, they don't have to pay for things like power or workers' wages.3. They have more bills and incomes to pay.4. They provide things at a lower cost.4. They charge a higher price for their goods.5. They are more widely used and well-liked by the general public.5. They are not well-liked by the general public.6. There are a lot of shops selling the same things at weekly markets, so there's a lot of competition among the hawkers.6. There isn't much competition among shop proprietors. 2. Compare and contrast a weekly market and a shopping complex on the following: MarketKind of goods soldPrices of goodsSellersBuyersWeekly marketShopping complex Ans: MarketKind of goods soldPrices of goodsSellersBuyersWeekly marketVegetables, groceries, cheaper small people.Market cloth items, utensils, etc.cheapersmall traderspeople living nearby, lower-incomeShopping complexbranded and nonbranded goodsexpensiveInternational brands, Big tradersrich people, upper-middle-class 3. Explain how a chain of markets is formed. What purpose does it serve? Ans: The chain of markets can be formed in the following ways: A market chain starts with wholesale markets and ends with retail shop owners selling directly to customers. There are wholesale markets and merchants in between. Traders of medium and large sizes. A hawker or retailer, for example, buys plastic things from one of the town's wholesalers. The local wholesaler, in turn, purchases from a larger city wholesaler. The city wholesaler purchases a big quantity of plastic items from the plant and stores them in godowns. As a result, a market chain is developed. The objective of a market chain is to connect manufacturers and customers. A producer cannot sell a tiny quantity of commodities to an individual consumer, and a consumer cannot purchase a big quantity of things from producers. As a result, wholesalers, merchants, and other intermediaries are needed to connect producers and customers. As a result, a market chain is developed. A market chain also ensures that those who participate in the chain are able to find work. 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. Ans: In a marketplace, everyone has the same right to go to whatever shop they want. It makes no difference whether the store sells high-end things or everyday items at low prices. We have the freedom to go to any store and look at different things before purchasing if the pricing is right for us. We can illustrate this notion using an example. Anzal Mall was visited by Kavita and Sujata. They walked inside a store that sold branded ready-to-wear clothing. They examined a few of the gowns before examining the price tags. None were under Rs. 2000, over five times the weekly market price. Their budget did not allow for it. As a result, they went to a different store. We can be buyers or sellers in the marketplace in a free economy, but our selections are mainly based on our financial resources. 5. ‘Buying and selling can take place without going to a marketplace.’ Explain this statement with the help of examples. Ans: ‘Buying and selling can be done without going to a market,' says the author. Based on the modern marketing and sales trend, this assertion is correct. The conventional paradigm of marketing by manual presence to acquire and sell something has been revolutionised by technology. It is no longer essential to go to the market in order to acquire items. Anyone can use the phone or the Internet to place orders for a variety of items. Goods are delivered to the customer's home or to a location where they are required. Amazon, Snapdeal, and other e-commerce sites are examples of various e-commerce sites that facilitate buying and selling on the internet. Salespeople are now seen in clinics and nursing homes, waiting for doctors or taking orders for various commodities or medicines. Payments have been made easier because of the introduction of electronic wallets, internet banking, and swipe devices. This also encourages people to purchase and sell without having to go to a market. NCERT Solutions for Class 7 Civics Chapter 8 – Free PDF Download Get the NCERT Solutions for Class 7 Social and Political Life Chapter 8 markets around us in a PDF format without any charges. It is the best platform to get the PDF that is available to download for free. The PDF is arranged in an uncomplicated way by the experts, giving the PDF to make your study easier to understand. Chapter 8 - Markets around us Market A market is where buyers and sellers are involved in the sale and buy of products. In CH 8 Civics Class 7, it establishes a link between the producer and the consumer. There are different sorts of markets, namely, weekly markets, shops, shopping complexes or malls. The profit earned by different markets varies. NCERT Solutions for Class 7 Civics Chapter 8 will elaborate in a more detailed way about the market. Trade The solutions of Class 7 Civics Chapter 8 will provide you with proper knowledge about the trade. The transportation of goods or services from one person or entity to another, often in exchange for money, is called trading. An ancient form of trade saw the direct reciprocation of goods and services for other goods and services. Barter used to trade things without the use of money. When either bartering party began to involve precious metals, these gained symbolic also as practical importance. Modern traders generally make a contract through a medium of exchange, such as money. As a result, buying is often separated from selling or earning. The invention of cash greatly simplified and promoted trade. Trade between two traders is named bilateral trade, while trade involving two traders is called multilateral trade. All of these fundamentals are properly explained in NCERT Solutions for Class 7 SST Civics Chapter 8. The Cloth Market Textile Cloth Market Delhi is a milieu of the simplest and cheapest clothing within the country. The Sarojini Nagar market is the greatest reasonably priced clothing market within the state. It has sellers selling great quality branded and local clothes for boys, girls, women, men, and kids at the cheapest and wholesale rates. In East Delhi, the Gandhi Nagar Market is Asia's largest and most popular readymade Textile or Garment market. Textile Cloth Market Delhi has one among the most important and famous wholesale markets within the country. High-quality fabrics are used for the creation of great textile. Then, wholesalers and retailers sell these very clothes and garments. This information is well accessible when you read the NCERT Class 7 Civics Chapter 8 solutions. The market is always flourishing with buyers. To know more about it, download NCERT Solutions for Class 7 Civics Chapter 8 market around us by visiting the official website. The number one textile-producing country's capital city is sure to be a textile heartthrob of the nation. Delhi is that to India. Since it's the capital, it's more of everything. It has more varieties of textiles, amazingly high quantity, being the capital city it has more accessibility. It has various textile markets scattered everywhere in the town. Learn about more clothes markets from the NCERT Solution of Class 7 Civics Chapter 8. Cotton Cotton is a tender, plumy staple and pure cellulose fibre. It grows during a boll, or protective case, around the cotton plants' seeds. Under natural circumstances, the cotton bolls will increase the breaking of the seeds. Download the Class 7th Civics Chapter 8 solutions PDF file and learn more about it. The plant could also be a shrub native to tropical and subtropical regions worldwide, including America, Africa, Egypt, and India. The simplest diversity of untamed cotton species is found in Mexico, followed by Australia and Africa. Cotton was independently domesticated within the Old and New Worlds. The use of cotton for cloth is known thus far to prehistoric times; cotton fabric fragments dated to the fifth millennium. The NCERT Solutions Class 7 SST Civics Chapter 8 will help the students increase their knowledge about cotton clothes. Key Features of NCERT Solutions for Class 7 Chapter 8 NCERT Solutions Class 7 Science Chapter 8, provided by Study Studio, offers students guidance from experts to make study enjoyable for students. The exercise will help the students question their knowledge by reading the NCERT Solutions for Class 7 Political Science Chapter 8. Dive into crystal-clear explanations and structured presentations for breezy understanding. Accurate answers are here to boost your confidence, with visuals to make complex stuff a piece of cake. Quick revision is a breeze with chapter summaries, and extra tips are on board to help you shine. Check out online resources, including easily accessible NCERT solutions in PDF format, for stress-free and top-notch exam prep. You can learn the NCERT Solutions of Class 7 SST Civics Chapter 8 quite easy to remember, as explained in the pointers. Conclusion The NCERT Solutions for Class 7 Social Chapter 8 - Markets Around Us, provided by Study Studio, is a valuable tool for Class 7 students. It helps introduce Social concepts in an accessible manner. The provided solutions and explanations simplify complex ideas, making it easier for Class 7 students to understand the material. By using Study Studio's resources, Students can develop a deeper understanding of NCERT concepts. These solutions are a helpful aid for Class 7 students, empowering them to excel in their studies and develop a genuine appreciation for “Markets Around Us”.