NCERT Series Political Science / Polity / Civics - Class 6 to 12 - NCERT Class 7 Political Science / Polity / Civics Chapter 8: Markets Around Us | English | CBSE

Dr. Manishika Jain explains NCERT Class 7 Political Science Chapter 8: Markets Around Us Why we go to Market? To buy products What are the kinds of market? Shops Hawker Stalls Weekly Market Large Shopping Mall Weekly market No permanent shops Held once a week Set up at different places in India Many such markets exist Meant for daily requirements Available at Cheaper rate Sell product made at home – less costly Permanent buildings have lot of expenditure as rent, electricity, fees to the government, and wages to their workers Good competition exists Bargain & reduce price Many things available at one place – major advantage – from grocery to clothes to utensils Shops in Neighborhood Shops exist in neighborhood Milk Grocery Stationary Eatables Some are permanent shops Others are roadside stalls – vendors, hawkers Are near to home Can go there any day Buyer & seller know each other Shops do provide goods on credit Shopping Complexes Have many shops Mall: large multi-storeyed air-conditioned buildings with shops on different floors Both branded & non-branded goods Branded goods are expensive, promoted by advertisement & quality Special Showrooms Smaller number of people can buy branded products Chain of Markets Series of market connected like a chain as product pass from one market to another Markets Everywhere Exist in specific locality Now can place order by phone or internet Home delivery options Sales representatives wait for doctors Farmer purchase fertilizer to grow crops Car factory purchases engines from factories Traders earn unequal amount – weekly market traders earn less profit than shopping complex traders What is produced in one market reaches everywhere Why we go to Market? @0:35 What are the kinds of Market? @1:00 Weekly Market @1:18 Shops in Neighborhood @3:32 Shopping Complexes @4:30 Chain of Market @5:53 Market Everywhere @9:21 #Produced #Consumers #Product #Building #Political #Market #Cheaper #Neighborhood #Vendors #Manishika #Examrace For handouts google "NCERT Class 7 Political Science Chapter 8 Examrace Youtube Lecture Handouts" For hindi lectures visit - https://www.youtube.com/c/ExamraceHindi #examrace #upsc #ugcnet