Class 7 · Social Science · Exploring Society: India and Beyond - Part I

12. Understanding Markets

Try question 1

A market held on a fixed day of the week in a village or town is a

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Answer and explanation

Answer: A. weekly market (haat)

Sellers move from haat to haat on different days.

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Try question 2

A trader who buys goods in large quantities from producers and sells to shopkeepers is a

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Answer and explanation

Answer: A. wholesaler

Retailers then sell small amounts to consumers.

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Try question 3

A shop that sells directly to the final consumer is a

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Answer and explanation

Answer: A. retailer

Your neighbourhood grocery store is a retailer.

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