Haryana State Board HBSE 7th Class Social Science Solutions Civics Chapter 8 Markets Around Us Textbook Exercise Questions and Answers.
Haryana Board 7th Class Social Science Solutions Civics Chapter 8 Markets Around Us
HBSE 7th Class Civics Markets Around Us Textbook Questions and Answers
Question 1.
In what ways is a hawker different from shop owners?
Answer:
| A Hawker | A Shop Owner |
| (i) A hawker does not have a permanent shop and cannot be relied on for our needs. | (i) A shop owner has a permanent shop. |
| (ii) Quality is not guaranteed. | (ii) Quality is guaranteed. |
| (iii) The buyer and seller usually do not know each other. | (iii) The buyer and seller usually know each other. |
| (iv) Goods can’t be provided on credit. | (iv) Goods can be1 provided on credit |
Question 2.
Compare and contrast a weekly market and a shopping complex on the following:
| Market | Kinds of goods sold | Prices of good | Sellers | Buyers |
| Weekly Market | ||||
| Shopping Complex |
Answer:
| Weekly Market | Shopping Complex | |
| Kinds of goods sold | Low-quality, Low priced goods | Good-Quality goods/Branded goods |
| Price of goods | Low | High |
| Sellers | Hawkers, Vendors | Shop owners, Multiplex owners businessmen |
| Buyers | Lower Middle-Class | Upper Middle-Class and High Class people |
Question 3.
Explain how a chain of markets is formed. What purpose does it serve?
Answer:
A chain of markets is the interlinking of a producer, wholesaler and retailer in the following ways:
(i) We don’t buy goods directly from the factory or farm, where the production takes place.
(ii) The people in between the producer and the final consumer is the trader.
(iii) The wholesaler buys goods in large quantities and sells them to traders.
(iv) The trader who finally sells this to consumer is the retailer.
Goods travel to us though a chain of markets which we were not aware of this allows good-quality of goods to reach us in an easy, accessible and feasible way.
Question 4.
‘All persons have equal rights to visit any shop in a market place.’ Do you think this is true of shops with expensive products? Explain with examples.
Answer:
No, it is not true for shops with expensive products. This is because the companies producing branded products . through shops in urban markets and at times, through special show rooms. Fewer people can afford to buy branded goods and hence rights are restricted.
For example:
Sujata and Kavita who entered a shop that was selling branded readymade clothes were stared at by the security guard. They could not even buy a dress since most of them were expensive.
Question 5.
‘Buying and selling can take place without going to a marketplace.’ Explain the statement with the help of example.
Answer:
One does not have to go to the markets to purchase goods. You can place order for a variety of things through the phone and these days through the internet as well, and then the goods are delivered to your home. In clinics and nursing homes and likewise, sales representatives are also engaged in the selling of goods. Thus buying and selling take place in different markets, not necessarily to the ones we need to visit.
For example: Many sites on the net today.
Question 6.
Why do people go to a weekly market?
Answer:
People go to a weekly market because:
(a) They can fulfill their everyday requirements.
(b) Many things in the market are available at cheap rates.
(c) Almost all things are available at one place.
Question 7.
Who are the sellers in a weekly market? Why don’t we find big businessmen in weekly market?
Answer:
Sellers are small traders in a weekly market who store their things at home and sell them at cheap rates in the market. We don’t find big businessmen in weekly markets because here low-quality low-priced goods are sold. The goods are not branded. Big Businessmen usually deal in designer products and branded goods that are well- promoted though advertising and incur them a lot of profit. This is done through permanent urban markets or special showrooms.
Question 8.
Explain with an example how people bargain in a weekly market. Can you think of an example where the bargain would be unfair?
Answer:
Weekly markets also have a large number of shops sellings the same goods which means there is competition between them. If some trader were to charge a higher price, people can bargain and bring the price down. The bargain would be unfair if the shopkeeper has not kept any margin for his product.
Question 9.
Why did Sujata carry a notebook? Do you think this system is useful? Can there be problems?
Answer:
Sujata carried a notebook along with her so that the amount of money of purchase could be noted down. This bond of trust allowed Sujata to pay on credit. However this could create the following problems:
(а) insecurity for the seller (if the buyer is unknown)
(b) a sense of doubt.
Question 10.
What are the different kinds of shops that find in your neighbourhood? What do you purchase from them.
Answer:
There are many shops in a neighbourhood; i.e.
(a) Dairy
Goods bought: milk, cottage cheese, curd.
(b) Grocery
Goods bought: fruits and vegetables
(c) Stationery
Goods bought: pens, pencils, charts, erasers
(d) Eatables
Goods bought: cooked snacks
(e) Bakery
Goods bought: baked goods like cakes, pastries
(f) Chemist
Goods bought: medicines.
Question 11.
Why are goods sold in permanent shops costlier than those sold in the weekly markets or by roadside hawkers?
Answer:
The goods sold in permanent shops are costlier than those sold in weekly market or by roadside hawkers because they provide more facilities at ease to its consumers. They are useful in many ways:
- easily accessible
- familiar relation between the buyer and seller
- goods on credit.
Question 12.
Why do you think the guard wanted to stop Kavita and Sujata from entering the shopWhat would you say if someone stops you from entering a shop in the market?
Answer:
The guard wanted to stop Kavita and Sujata from entering the shop because by demeanour, they seemed to be of a low economic background and would to be able to afford the expenses of the shop.
I would question my right if somebody stops me from entering a shop as it would be sincere violation of my dignity.
Question 13.
Why do people not bargain in shops located in malls whereas they bargain in weekly markets?
Answer:
Branded goods are expensive often promoted by advertising and are of a better qualities. Hence, people sustain a skeptical nature of bargaining in these large urban markets on special showroom. Only the people who afford to buy these goods generally visit these shops.
Question 14.
How do you think your neighbourhood shop gets its goods? Find out and explain with example.
Answer:
A neighbourhood shop is generally controlled by a retailer who gets its goods from the wholesaler.
For example, the vegetable wholesale trader will not buy few kilos of vegetables from farmers but in large quantities. These will be then sold to our neighbourhood grocer. Buying and selling take place between traders and goods shall reach us.
Question 15.
Why is a wholesale trader necessary?
Answer:
The producer, on its own cannot send its goods to the final consumers or retailing shop. It is with the help of a wholesale trader that goods reach faraway places. It is from here that a retailer buys the goods so that it reaches the final consumers.
HBSE 7th Class Civics Markets Around Us Important Questions and Answers
Very Short Answer Type Questions
Question 1.
Who are in between the producer and the final consumers?
Answer:
Wholesalers, distributors and retailers are in between the producer and the final consumer.
Question 2.
Write any one advantage of weekly market?
Answer:
Most of the things of our daily and common use are available at one place in weekly market at a cheaper rate.
Question 3.
Where are shopping complexes found?
Answer:
Shopping complexes are found in the urban areas, cities, etc.
Short Answer Type Questions
Question 1.
What do you know about weekly market?
Answer:
(i) A weekly market is held on a specific day of week.
(ii) It does not have permanent shops.
(iii) Traders set up their shops for the day and then close them up in the evening.
Question 2.
What are the extra expenditure incurred in permanent shop that are not incurred in the weekly market?
Answer:
There are various expenditures incurred in permanent shops which are not in weekly market. For example:
(a) They have to pay rent, electricity and sometimes fees to the Government.
(b) They have to pay wages to their workers.
Question 3.
What do you know about mills?
Answer:
The large multi-stores air-conditioned buildings with shops on different floors are known as malls. These malls have both branded and non-branded goods and promote them by advertising.
Question 4.
Explain the meaning of chain of markets.
Answer:
A chain of markets is a series of markets inter connected in links or chains because products pass from one country to another.
Question 5.
‘Internet has brought a revolution in the availability of markets.’ Do you agree? Explain.
Answer:
Today we can place order for a variety of things on the Internet and the goods are delivered at your home. This allows easy availability, accessibility and economic feasibility of goods. Internet always or often does offer exciting deals.
Question 6.
Explain who is the most benefitted in the Chain of Markets.
Answer:
A retailer is the most benefitted in the chain of markets since he sells the goods at the highest price and earns more profit than the wholesaler.
Long Answer Type Questions
Question 1.
What are the markets we might be unaware of? Give two detailed examples.
Answer:
Some of the markets that act as imputs to an industry and help in the formation of products that finally reach us are markets that we night be unaware of these are feeder markets whose goods we don’t require and hence we can’t recognise themselves.
Two examples for the same are given below:
(i) We may want to acquire the food crop or food item sold by a retailer but we may not be interested in knowing the market from where the farmer sought his production needs (seeds, fertilizer etc.).
(ii) A car factory purchases engines, cars, gears, petrol tanks, are but we are interested in only buying the product i.e., the car.
However, it is also true that the producers recognise these shops.
Question 2.
What do you know about the market and goods, which are sold and bought in but we don’t use directly? Explain about with examples.
Answer:
There are markets that we may not be aware of. In these markets a variety of goods are bought and sold in large numbers that we don’t use directly. For example, a car factory purchases engine, gears, petrol tanks, axles, wheels, etc. from v various other factories. They use them for making car, a final product that we use directly.
Markets Around Us Class 7 HBSE Notes
- Chain of Markets: A series of markets that are connected like links in a chain because product pass from one market to another.
- Mall: This is an enclosed shopping space. This is usually a large building with many floors that has shops, restaurants, at any time, even a cinema theatre. These shops most often sell branded products.
- Retailers: The trader who finally sells goods to these consumers.
- Weekly Market: These markets are not daily markets but are to be found at a particular place on one or maybe two days of the week. These markets most often sell everything that a household needs ranging from vegetables to clothes or utensils.
- Wholesale This refers to buying or selling in large quantities. Most products, including vegetables, fruits, and flowers have special wholesale markets.