NCERT Solutions for Class 7 Civics Chapter 7 – Markets around Us

Markets Around Us Chapter Overview

In Class 7 Civics Chapter 7, we explore how goods travel from producers to consumers. A market is not just a physical place but a system where buyers and sellers exchange goods and services.

Markets are found everywhere. Not only in physical places like shops and malls, but also through online platforms and between businesses, such as factories purchasing raw materials.

The chapter highlights three main types of markets:

1. Weekly Markets: Temporary setups held on specific days where goods are cheap because of low overhead costs.

2. Neighbourhood Shops: Permanent stores near homes that offer convenience and often sell goods on credit.

3. Shopping Complexes and Malls: Large, multi-storeyed urban buildings selling branded, expensive items.

A central concept is the Chain of Markets. Goods are produced in factories or farms, bought in bulk by Wholesalers, and finally sold in smaller quantities by Retailers to the consumers. The chapter also touches upon market equality, showing how credit, capital, and income levels create differences between small traders and big business owners.

Markets Around Us Class 7 Question Answer

These Class 7 Civics Chapter 7 NCERT solutions are designed to help students write precise answers in their school exams.

Q1. In what ways is a hawker different from a shop owner?

A hawker and a shop owner differ in the following ways:

• Permanent vs. Temporary: A shop owner has a permanent physical structure, whereas a hawker moves from place to place with their goods on a bicycle or handcart.

• Investment: Shop owners invest more money in rent, electricity, and taxes. Hawkers have very low expenses.

• Earnings: Shop owners usually earn higher profits due to larger stock, while hawkers earn a modest daily income.

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Q2. Compare and contrast a weekly market and a shopping complex.

As per markets around us class 7 NCERT solutions, here is the key difference between the weekly market and a shopping complex: 

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Q3. Explain how a chain of markets is formed. What purpose does it serve?

A chain of markets is a series of traders through which goods reach the consumer.

• The Producer: Farmers or factory owners produce goods.

• The Wholesale Trader: They buy goods in huge bulks (e.g., 500 units) from the producer.

• The Retailer: They buy smaller lots from the wholesaler and sell them to us.
  Purpose: Consumers cannot go to a factory to buy one shirt or to a farm for one kilo of rice. The chain makes goods available at convenient locations near our homes.

Q4. "All persons have equal rights to visit any shop in a marketplace." Do you think this is true of shops with expensive products?

While the law states everyone is equal, the economic status of a person often dictates their access to expensive shops. People with low incomes may feel uncomfortable or "out of place" in luxury malls. Even if they enter, they may not be able to buy anything, highlighting the gap between the rich and the poor in the marketplace.

Class 7 Civics Extra Question Answer

To ensure a deep understanding, here are additional markets around us class 7 civics question answer often asked in exams.

Q1. Why are things cheaper in a weekly market?

Things are cheaper because:

• Sellers do not pay rent or electricity for a shop.

• They do not pay government taxes.

• They usually do not hire workers; family members help in the business.

• There is high competition among many sellers selling the same product, which keeps prices low.

Q2. What is the role of a wholesale trader?

The wholesale trader acts as the middleman. They do not sell to the final consumer. Instead, they buy large quantities from producers and sell them to smaller retailers. For example, a vegetable wholesaler buys tons of potatoes and sells 20-30 kg lots to various vegetable sellers in the city.

Q3. How has the Internet changed the way we shop?

The Internet has created virtual markets. We no longer need to physically visit a shop. We can place orders via apps or websites, and goods are delivered to our doorstep. Payments can also be made digitally, making the "marketplace" a 24/7 accessible platform.

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Q4. Describe the "Market and Equality" link.

Markets are not always equal. Small traders in weekly markets have very little money to run their business and earn very little. On the other hand, mall owners have huge capital and earn large profits. Similarly, rich buyers can afford branded goods, while the poor are restricted to cheap, local markets.

Q5. Buying and selling can take place without going to a marketplace. Explain.

Buying and selling do not always require a physical marketplace. With the help of technology, people can shop online using websites and mobile apps. Goods are delivered to their homes, and payments can be made digitally. Additionally, people can place orders over the phone or through local delivery services, showing that markets exist beyond physical locations.

Q6. Why do consumers not buy directly from producers?

Consumers do not buy directly from producers because producers usually sell goods in large quantities, whereas consumers need small amounts. Therefore, wholesalers and retailers act as intermediaries to make goods available conveniently.

Class 7 Markets Around Us Key Takeaways

These key points summarise the most important concepts covered in Markets Around Us Class 7 question answer for quick revision:

• Variety: Markets range from local weekly stalls to high-end malls.

• Intermediaries: Wholesalers and retailers are essential for goods to reach us.

• Convenience: Neighbourhood shops provide the benefit of proximity and credit.

• Digital Shift: Shopping is no longer confined to physical locations.

• Economic Gap: The profit earned and the ability to buy depend heavily on a person’s financial status.

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