summary of market around us​

Answers 2

Weekly market

Weekly market held on a specific day of the week. They do not have permanent shops, for example, vegetable markets. Traders set up shops for the day and then close them up in the evening. Then they may set up at a different place the next day.

Many things in weekly markets are available at cheaper rates because:

They don’t have shops or permanent buildings. Therefore, they don’t have to pay rent, electricity and other expenses.

They don’t have to pay wages to their workers.

They have a large number of sellers selling the same goods. So, if someone is selling the things at a low price, people will prefer to buy from it.

One of the advantages of weekly markets is that most things are available in one place such as vegetables, groceries, cloth items or utensils.

Shops in the neighbourhood

There are many shops that sell goods and services in our neighbourhoods. We buy milk from the dairy, groceries from departmental stores etc. Shops are permanent and are near our homes. Here, buyers and sellers know each other and these shops also provide goods on credit. There are also sellers who sell their goods on the roadside.

Answer:

Markets Around Us Class 7 Notes Civics Chapter 8

April 22, 2019 by Sastry CBSE

Markets Around Us Class 7 Notes Social Science Civics Chapter 8 SST Pdf free download is part of Class 7 Social Science Notes for Quick Revision. Here we have given Markets Around Us Class 7 Civics Chapter 8 Notes.

Markets Around Us Class 7 Notes Social Science Civics Chapter 8

A market is where buyer and seller are involved in the sale and purchase of goods. It establishes a link between the producer and the consumer.

There are different kinds of markets namely; weekly market, shops, shopping complex or mall.

Explanation:

AprMarkets Around Us Class 7 Notes Civics Chapter 8

April 22, 2019 by Sastry CBSE

Markets Around Us Class 7 Notes Social Science Civics Chapter 8 SST Pdf free download is part of Class 7 Social Science Notes for Quick Revision. Here we have given Markets Around Us Class 7 Civics Chapter 8 Notes.

Markets Around Us Class 7 Notes Social Science Civics Chapter 8

A market is where buyer and seller are involved in the sale and purchase of goods. It establishes a link between the producer and the consumer.

There are different kinds of markets namely; weekly market, shops, shopping complex or mall.

Apr

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