Class 7 Civics - Chapter7: Markets Around Us
Learn about the various types of markets, their functioning, and the role they play in our daily lives and economy.
Overview
This chapter introduces the concept of markets, including weekly markets, neighborhood shops, shopping complexes, and online markets. Understand how markets influence consumer choices and economic activities.
Why This Chapter Matters
Understanding markets helps us become informed consumers who can make better purchasing decisions and appreciate the role of trade and commerce in society.
Real-Life Applications
- Recognizing different types of markets and their functions.
- Understanding the relationship between producers, traders, and consumers.
- Analyzing the impact of globalization on local markets.
Skills You Will Learn
- Identifying various market types and their characteristics.
- Understanding the role of supply and demand in markets.
- Analyzing the influence of markets on economic and social life.
Explore and Test Your Knowledge
Video Lesson
Watch the video lesson to understand the types and functions of markets around us.
Watch VideoPractice Test
Test your knowledge with our chapter-specific practice test.
Scheduled Talent Test
Participate in the scheduled weekly talent test for this chapter.
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