Page 1 - LN-sub topic 3- markets everywhere, market & equality

SAI INTERNATIONAL SCHOOL
SESSION 2020 – 21
Class – VII
CIVICS
LESSON NOTES
CH- 7: MARKET AROUND US
Sub Topic 3 - MARKETS EVERYWHERE, MARKETA NAD EQUALITY

Markets everywhere:
 People buy and sell a variety of goods and services in
different places.
 It is not always necessary that one has to go to the
MARKETS EVERYWHERE market to purchase goods.
 You can place orders for variety of things through the
help of phone and the internet.
 The goods get delivered to your home.
 Buying and selling take place in different ways, not
necessarily through shops in the market.
 There are markets that we may not be aware of, this is
because a large number of goods are bought and sold
that we don’t use directly.
 People in urban areas can enter markets without
stepping out of their homes via the internet; they use
their credit cards to make ‘online purchases’.
MARKETS AND Markets and equality:
EQUALITY  We have seen that small traders with little money, struggle
to run their shop whereas some are able to spend a lot of
money to set up the shop.
 They also earn unequal amounts.
 Similarly, buyers are also different from each other.
 There are many who are not able to afford the cheapest of
goods while others are busy shopping in malls.
 Thus, every buying and selling from these markets depends
on the money we have.
 The chain of markets that is formed before goods can reach
us.
 It is through this chain that what is produced in one place
reaches people everywhere.
 When things are sold, it encourages production and new
opportunities are created for people to earn.