Page 1 - LN -sub topic 1-weekly market, shops in the neighborhood
P. 1

SAI INTERNATIONAL SCHOOL
                                                 SESSION 2020 – 21
                                                       Class – VII
                                                          CIVICS
                                                   LESSON NOTES
                                           CH- 7: MARKET AROUND US

               Sub topic 1 - WEEKLY MARKET, SHOPS IN THE NEIGHBOURHOOD


               WEEKLY MARKET             Weekly market:
                                              Weekly market held on a specific day of the week.
                                              They do not have permanent shops, eg- vegetable
                                                markets.
                                              Traders set up shops for the day and then close them in
                                                the evening.
                                              Then they may set up at a different place the next day.
                                              One of the advantages of weekly market is that most
                                                things are available in one place such as vegetables,
                                                clothes, utensils, groceries etc.
                                              Many things in weekly markets are available at cheaper
                                                rates. Because-
                                                a.  They do not have shops or permanent buildings;
                                                    therefore they do not have to pay rent, electricity and
                                                    other expenses.
                                                b.  They do not have to pay wages to their workers.
                                                c.  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.

               SHOPS IN THE              Shops in the neighborhood:
               NEIGHBOURHOOD                  There are many shops that sell goods and services in our
                                                neighborhoods.
                                              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
   1