PPT Market Around Us - Social Studies (SST) Class 7 (Old NCERT)

 Page 1


Markets
Markets
around us
around us
Page 2


Markets
Markets
around us
around us
M a r k e t s
A market encompasses systems, institutions,
and social relations facilitating exchanges.
Most markets involve goods or services
exchanged for money.
Markets establish prices for goods and services.
Variations exist in market form, scale, location,
participants, and traded goods/services.
Common types of markets include shops,
neighborhood stalls, weekly markets, shopping
complexes, and malls.
Page 3


Markets
Markets
around us
around us
M a r k e t s
A market encompasses systems, institutions,
and social relations facilitating exchanges.
Most markets involve goods or services
exchanged for money.
Markets establish prices for goods and services.
Variations exist in market form, scale, location,
participants, and traded goods/services.
Common types of markets include shops,
neighborhood stalls, weekly markets, shopping
complexes, and malls.
Weekly Markets
A weekly market is so called because it is
held on a specific day of the week. Weekly
markets do not have permanent shops.
Traders set up shops for the day and then
close them up in the evening.
Then they mat set up at a different place the
next day. There are thousands of such
markets in India. People come here for
everyday requirement
Page 4


Markets
Markets
around us
around us
M a r k e t s
A market encompasses systems, institutions,
and social relations facilitating exchanges.
Most markets involve goods or services
exchanged for money.
Markets establish prices for goods and services.
Variations exist in market form, scale, location,
participants, and traded goods/services.
Common types of markets include shops,
neighborhood stalls, weekly markets, shopping
complexes, and malls.
Weekly Markets
A weekly market is so called because it is
held on a specific day of the week. Weekly
markets do not have permanent shops.
Traders set up shops for the day and then
close them up in the evening.
Then they mat set up at a different place the
next day. There are thousands of such
markets in India. People come here for
everyday requirement
Advantages of Weekly
Markets
Availability of many things - Most of the things we need are available at
one place. Whether you want vegetables, groceries or cloth items,
utensils — all of them can be found here. It's a place where the people
have a choice and a variety of goods.
Page 5


Markets
Markets
around us
around us
M a r k e t s
A market encompasses systems, institutions,
and social relations facilitating exchanges.
Most markets involve goods or services
exchanged for money.
Markets establish prices for goods and services.
Variations exist in market form, scale, location,
participants, and traded goods/services.
Common types of markets include shops,
neighborhood stalls, weekly markets, shopping
complexes, and malls.
Weekly Markets
A weekly market is so called because it is
held on a specific day of the week. Weekly
markets do not have permanent shops.
Traders set up shops for the day and then
close them up in the evening.
Then they mat set up at a different place the
next day. There are thousands of such
markets in India. People come here for
everyday requirement
Advantages of Weekly
Markets
Availability of many things - Most of the things we need are available at
one place. Whether you want vegetables, groceries or cloth items,
utensils — all of them can be found here. It's a place where the people
have a choice and a variety of goods.
Advantages of Weekly
Markets
Cheaper rates - Many things in weekly markets are available at cheaper
rates. This is because when shops are in permanent buildings, they
incur a lot of expenditure — they have to pay rent, electricity, fees, tax
etc. But in such markets, there are no such kind of problems.