Class 7 Exam  >  Class 7 Notes  >  Social Studies (SST) Class 7  >  Worksheet Solutions: Market Around Us

Market Around Us Class 7 Worksheet Civics

Q.1. Who is Aftab in the chapter?

Aftab is one of the wholesale traders who purchases in bulk.


Q.2. Name some roadside stalls.

Some roadside stalls are vegetable hawker, the fruit vendor and the mechanic.


Q.3. How buyers are differently placed?

Buyers are differently placed. There are many who are not able to afford the cheapest of goods while others are busy shopping in malls.


Q.4. Why branded goods are expensive as compared to non-branded goods?

Branded goods are often promoted by advertising, which costs a lot and thus they are expensive.


Q.5. Why don’t we buy directly from the factory or from the farm?

We don’t buy directly from the factory or from the farm because producers would not be interested in selling us small quantities such as one kilo of vegetables or one plastic mug.


Q.6. How are shops in neighborhood useful to us?

Shops in the neighbourhood are useful in many ways. They are near our home and we can go there on any day of the week. Usually, the buyer and seller know each other and these shops also provide goods on credit.


Q.7. Why is a wholesale trader necessary?

The people in between the producer and the final consumer are the traders. The wholesale trader first buys goods in large quantities. These will then be sold to other traders. In these markets, buying and selling takes place between traders. It is through these links of traders that goods reach faraway places.


Q.8. Why are things cheap in the weekly market?

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 to the government. They also have to pay wages to their workers. In weekly markets, these shop owners store the things they sell at home. Most of them are helped by their family members and, hence, do not need to hire workers. Weekly markets also have a large number of shops selling the same goods which means there is competition among them. If some trader were to charge a high price, people would move to another shop where the same thing may be available more cheaply or where the buyer can bargain and bring the price down.


Q.9. Why do people go to a weekly market? Give three reasons.

People go to a weekly market because of the following reasons:

(i) Many things in weekly markets are available at cheaper rates.

(ii) Weekly markets also have a large number of shops selling the same goods which means there is competition among them. If some trader were to charge a high price, people would move to another shop where the same thing may be available more cheaply or where the buyer can bargain and bring the price down.

(iii) Most things we need are available at one place. Whether we want vegetables, groceries or cloth items, utensils – all of them can be found here. We do not have to go to different areas to buy different things.


Q.10. Write about Aftab - The wholesaler in the city.

Aftab is one of the wholesale traders who purchases in bulk. His business starts around 2 o’clock in the morning when vegetables reach the market. This is the time when the vegetable market or mandi starts buzzing with activity. The vegetables come in trucks, matadors, tractor trolleys from farms both near and far. Soon the process of auctions begins. Aftab participates in this auction and decides what he will buy. He has a shop in the market where he stores the vegetables that he has bought. From here he sells to hawkers and shopkeepers who start coming to the market around six in the morning. They have to organise their purchases so that they can start their shop for the day around ten in the morning.


Q.11. From where do you think shop-owners procure their goods?

Goods are produced in factories, on farms and in homes. However, we don’t buy directly from the factory or from the farm. Nor would the producers be interested in selling us small quantities such as one kilo of vegetables or one plastic mug. The people in between the producer and the final consumer are the traders. The wholesale trader first buys goods in large quantities. These will then be sold to other traders. In these markets, buying and selling takes place between traders. It is through these links of traders that goods reach faraway places. The trader, who finally sells this to the consumer, is the retailer.


Q.12. Why do people not bargain in shops located in malls whereas they bargain in weekly markets?

People do not bargain in shops located in malls whereas they bargain in weekly markets because malls sell expensive and branded goods at the fixed price rate. The rates of products sold in malls are generally high due to addition of establishment cost  that are added up like security charge, govt. service charges sale taxes, rent of the shop electricity charges, wages of the hired labours etc.


Q.13. ‘Buying and selling can take place without going to a marketplace.’ Explain this statement with the help of examples.

We can place orders for a variety of things through the phone and these days through the Internet, and the goods are delivered at our home. In clinics and nursing homes, we may have noticed sales representatives waiting for doctors. Such persons are also engaged in the selling of goods.
Thus, buying and selling takes place in different ways, not necessarily through shops in the market.


Q.14. What are the different kinds of shops that you find in your neighbourhood? What do you purchase from them?

Shops that sell goods and services in our neighbourhoods are departmental stores, other shops such as stationery, eatables or medicines and roadside stalls such as the vegetable hawker, the fruit vendor, the mechanic, etc. We buy milk from the dairy, groceries from departmental stores, stationery, eatables or medicines from other shops.


Q.15. Explain how a chain of markets is formed. What purpose does it serve?

Goods are produced in factories, on farms and in homes. However, we don’t buy directly from the factory or from the farm. Nor would the producers be interested in selling us small quantities such as one kilo of vegetables or one plastic mug. The people in between the producer and the final consumer are the traders. The wholesale trader first buys goods in large quantities. These will then be sold to other traders. In these markets, buying and selling takes place between traders. It is through these links of traders that goods reach faraway places. The trader who finally sells this to the consumer, is the retailer. This could be a trader in a weekly market, a hawker in the neighbourhood or a shop in a shopping complex.
It serves a great purpose as it is through these links of traders that goods reach faraway places. It provides employment to large number of people. Factories and producers need not to find their customer directly. It maintains flow of money in the society.

The document Market Around Us Class 7 Worksheet Civics is a part of the Class 7 Course Social Studies (SST) Class 7.
All you need of Class 7 at this link: Class 7
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FAQs on Market Around Us Class 7 Worksheet Civics

1. What is a market?
Ans. A market is a place where buyers and sellers come together to exchange goods and services. It can be a physical location like a shopping mall or a virtual platform like an online marketplace.
2. How does a market function?
Ans. A market functions by creating a platform for buyers and sellers to interact and engage in trade. Sellers offer their goods or services at a certain price, and buyers decide whether to purchase them based on their needs and preferences.
3. What are the types of markets?
Ans. There are different types of markets based on the nature of the goods or services being traded. Some common types include consumer markets (for individual customers), business markets (for organizations), and financial markets (for trading securities and currencies).
4. How does competition affect the market?
Ans. Competition in the market encourages sellers to improve the quality of their products, offer better prices, and provide excellent customer service. It also gives buyers more options to choose from and helps in maintaining fair prices.
5. How do supply and demand impact the market?
Ans. Supply refers to the quantity of a product or service available in the market, while demand represents the desire and ability of buyers to purchase it. When supply is high and demand is low, prices tend to decrease. Conversely, when demand is high and supply is low, prices tend to increase. The interaction between supply and demand determines the equilibrium price and quantity in the market.
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