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Class 7 Civics, Markets Around Us, , Q1)Why do people go to a weekly market?, , Ans1) People go to a weekly market because1-Things are available here at a cheap rate, , 2- A large number of shops selling the same goods are, there.Hence, there is a possibility of bargaining., , 3-Most of the things needed are available at one place., , Q2) Who are the sellers in a weekly market? Why are the, things cheap?, , Ans2) The sellers in a weekly market are the small traders, who set up shops for the day, close them up in the evening, and set up at different places next day., , Things are cheap because these traders do not have to incur, expenditure on rent, electricity,wages to workers. Moreover, there are many shops selling the same things,hence there is, a competition among them., , Q3) How are the shops in the neighbourhood useful?, , Ans3) Shops in the neighbourhood are useful because, 1- They are near our homes and we can go there on any day, of the week., , 2- They provide goods on credit which means we can pay for, the purchase later.

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Q4- What are malls?, Ans4- In many urban areas large multistorey air- conditioned, building with shops on different floors are known as malls., , Q5) How does our neighbourhood shop get its goods?, , Ans5) Our neighbourhood shop gets its goods through a, chain of markets . The wholesale traders first buys the goods, in large quantity . He then sells it to other traders. The traders, who finally sells it to the consumers is the retailer., , Q6) How do people place order for goods these days?, Ans) People place order for goods these days through, internet and phone., , Q7) What is the difference between a shop owner in a weekly, market and those in a shopping complex?, , Ans7) A shop owner in a weekly market is a small trader with, little money to run the shop whereas a shop owner ina, shopping complex is a rich man who is able to spend a lot of, money to set up ashop. They also earn unequal amount of, money.