Solutions of Markets Around Us from SOCIAL SCIENCE Social and Political Life–2 TEXTBOOK FOR CLASS 7

This topic talks about the markets around us. Markets are the place where we go to buy things like food, clothes, vegetables, etc. Markets can be big, small, hawkers, shopping complexes, malls, etc. The whole market process is discussed.

This topic describes the weekly market as a moving market. It highlights its characteristics, competition, and advantages. Weekly markets are comparatively cheaper than regular markets or shops. The weekly market is put forth as an amazing option.

This topic describes neighbourhood markets. These can be permanent shops or even street vendors and hawkers. There are certain advantages of a market closer to home, one of them is discussed through a story.

In this topic, we will learn about shopping malls. They are generally shops enclosed in multi-storeyed buildings. Shopping malls mostly have branded shops and showrooms with few non-branded ones too.

This topic discusses the shopping complex that is a single large space with a lot of shops in it. These kinds of shops can be found in urban areas where many shops are located nearby making it easier for people to shop.

This topic discusses the supply chain of markets. It talks about wholesale traders, retailers and consumers.

This topic describes online markets. Consumers can place orders for a variety of things through phone or Internet.

This topic identifies the inequality between both buyers and sellers. There are points given to differentiate between a weekly market shopkeeper and a shopping mall shopkeeper. Similarly, buyers can also differ based on their purchasing capacity.