Extra Questions for Class 7 Social Science Civics Chapter 7

Extra Questions for Class 7 Social Science Civics Chapter 7

A market is an environment that allows buyers and sellers to exchange goods, services, and information. Market interactions are defined by demand and supply. Buying and selling take place in different ways, not necessarily through shops in the market. For example, a car factory purchases engine, gears, petrol tanks, axles, wheels, etc. from various other factories. There are different types of markets like weekly markets, wholesale markets, and retail markets. In a weekly market, traders set up their shops for a day and close them up in the evening. The next day, they may set up their shops at a different place. There are many shops that s sell goods and services in our neighborhoods. Besides, there are shopping complexes and malls in the cities, where we get both branded and non-branded goods. Please refer Extra Questions for Class 7 Social Science Civics Chapter 7 for more information.