class 7 markets around us

1. Class 7-
Markets Around
Us

2. Markets
1. Shops 2. Malls
3.
Hawkers
4.
Vendor

3. Different types of
Markets
1. Weekly Market
2. Shops in the neighborhood
3. Shopping complexes and malls
ND.
This Photo by Unknown author is licensed under CC BY-SA.

4. Weekly Markets
1. It is a market
which is held on one
day of the week
2. They don’t have
permanent shops
3. Traders set up
shops for the day
and then close them
up in the evening.
4. Then they may set
up at a different
place the next day.
5. Many things in
weekly markets are
available at cheap
prices

5. Advantages of a weekly market
1. Most of the things we
need such as groceries,
clothes, utensils and
electronics. - all of them
can be found here.
1
2. More choice for
buyers: Since there are
many sellers selling the
same product, the buyer
has a choice regarding
who to buy from.
2
3. Convenience: Since a
high variety of goods is
available, it is very
convenient for the
buyer.
3

6. Shops in the
neighborhoo
d
1. They are mainly standalone shops.
2. Shops which sell goods and services in our neighborhood.
3. We buy milk from the dairy, groceries from the departmental
store, stationery, eatables or medicines from other shops.
4. Many of these permanent shops, while others are roadside
stalls
5. They are near our home and we can go there any day of the
week.

7. Shopping
complexes and
malls
Shopping complexes-
1. Markets in the urban area
that have many shops,
popularly called shopping
complexes.
Malls-
1. Large multistoried air
conditioned buildings with
shops on different floors are

8. Shopping
complexes and
malls
1. In these urban markets.
2.Both branded and non- branded
goods are sold
3. They are advertised
4. Sold through special showrooms

9. Chain of Markets
1.The people in between the producer and the
final consumer are the traders. The wholesale
trader first buys goods in large quantities.
2.For example, the vegetable wholesale trader
will not buy a few kilos of vegetables but will buy
in large lots of 25 to 100 kilos.
3. These will then be sold to other traders. In
these markets, buying and selling takes place
between traders. It is through these links of
traders that goods reach faraway places. The
trader who finally sells this to the consumer, is
the retailer. This could be a trader in a weekly
market, a hawker in the neighborhood or a shop
in a shopping complex.
4. Every city has areas for wholesale markets.
This is where goods first reach and are then
supplied to other traders.

10. Markets
everywher
e
1. it is not always necessary that one
has to go to the market to purchase
goods.
2. You can place orders for a variety
of things through the phone and
these days through the Internet, and
the goods are delivered at your
home. In clinics and nursing homes,
you may have noticed sales
representatives waiting for doctors.
3. Such persons are also engaged in
the selling of goods. Thus, buying
and selling takes place in different
ways, not necessarily through shops
in the market
4. The markets that we looked at
above are the ones that we
recognize easily. However, there are
markets that we may not be so
aware of.
5. large number of goods are
bought and sold that we don’t use
directly. For example, a farmer uses
fertilizers to grow crops that he
purchases from special shops in the
city and they, in turn get them from
factories.
6. A car factory purchases engine,
gears, petrol tanks, axles, wheels,
etc. from various other factories. We
don’t usually see all the buying and
selling, but only the final product –
the car in the showroom. The story
is similar for any other good.