Class 7 NCERT Solutions Civics Chapter 7 - Markets Around Us
Markets Around Us Exercise 85
Solution 1
The differences are as follows:
|
Sr. No. |
Hawker |
Shop owner |
|
1. |
Does not have a permanent shop. |
Has a permanent shop. |
|
2. |
Has to move from place to place to sell his products. |
Does not have to move from place to place. People come to the shop. |
|
3. |
Does not keep branded products. |
Has branded and non-branded products. |
|
4. |
Sells products at a cheaper rate. |
Sells products at a costlier price. |
|
5. |
Does not spend money on the shop as he keeps on moving around. |
Has to spend money on the maintenance of the shop, including paying electricity bills, cleaning etc. |
Solution 2
|
Market |
Kinds of goods sold |
Prices of goods |
Sellers |
Buyers |
|
Weekly market |
Cheap products, inferior quality, non-branded items |
Low or cheaper |
Small traders |
People from villages and small towns, low-income people or groups, labourers |
|
Shopping complex |
Expensive branded goods; good quality, branded items |
High or costly |
Big traders or companies |
Rich and upper middle class people from big cities, high-income people or groups |
Solution 3
A chain of markets is formed in the following manner:
● Goods are produced in factories.
● Wholesalers then buy goods from factories in bulk.
● The wholesalers then sell goods to retailers and hawkers.
● Customers then buy goods from a retailer or a hawker.
Thus, from factories to consumers, a chain of markets is formed.
The purposes served by the chain of markets are
● Products can be bought from nearby places.
● Goods are brought from far off places to serve the needs of consumers.
● Factories do not require searching for their customers.
● Factories need to sell their products in lower quantities.
● Several people are benefitted because of the chain of markets.
Solution 4
All people have equal rights to visit any shop in a marketplace. However, it is not absolutely true and followed. The reasons are:
- People with low income cannot buy products from those shops as the products are very expensive.
- People who appear poor are not entertained at such places. They are either softly or harshly told to leave the place.
Solution 5
Buying and selling can take place without going to a marketplace in the following manner:
- Goods are ordered over the internet, and the amount is paid by plastic money, i.e. either by credit or debit cards.
- Goods are also ordered over the telephone, and the payment is done when goods are delivered to the customer.
