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SAI INTERNATIONAL SCHOOL
                                                    SESSION 2020 – 21
                                                          Class – VII
                                                            CIVICS
                                                      LESSON NOTES
                                              CH- 7: MARKET AROUND US
               Sub Topic 2 - SHOPPING COMPLEXES AND MALLS, CHAIN OF MARKETS


               SHOPPING                    Shopping complexes and malls:
               COMPLEXES AND                     There are other markets in the urban area that have
               MALLS                               many shops popularly called shopping complexes.
                                                 These days, in many urban areas, we have many
                                                   multi-storeyed air- conditioned buildings with shops on
                                                   different floors, known as malls.
                                                 Here you get both branded and non-branded goods.
                                                   Big companies sell their products through these shops
                                                   in large in urban markets and at times, through special
                                                   showrooms.
                                                 Fewer people can afford to buy products from malls
                                                   and shopping complexes.

               CHAIN OF MARKETS            Chain of markets
                                                 Goods are produced in factories or farms and in
                                                   homes.
                                                 The people in between the producer and the final
                                                   consumer are the traders.
                                           Wholesale market:
                                                 The market for the sale of goods to a retailer.
                                                 A wholesaler receives large quantities of goods from a
                                                   manufacturer and distributes them to stores.
                                                 The wholesale trader first buys goods in large
                                                   quantities, and then they sell it to other traders.
                                                 It enables the retailer to sell the good at a better price
                                                   for the consumer.
                                                 Buying and selling take place between traders which
                                                   helps goods to reach faraway places.
                                           Retailer :
                                                 A person or business that sells goods to the public in
                                                   relatively small quantities for use or consumption
                                                   rather than for resale.
                                                 It stands for selling merchandise in small quantities
                                                 The trader who finally sells products to the consumer
                                                   is the retailer.
                                                 A retailer targets final consumer and sells goods to
                                                   them.
                                                 A retailer doesn’t manufacture the goods they sell.
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