Class 7 NCERT • Exploring Society SST Portal (New Syllabus)
Ch 12: Understanding Markets
Select a topic or study module below to explore what markets are, weekly markets, the chain of markets, supply and demand price dynamics, wholesale and retail trade, digital marketplaces, and textbook solutions.
Topic 01 • Introduction to Markets
Presence of Buyers & Sellers, Goods & Services Exchanged & Mutually Agreed Prices
Topic 02 • Weekly & Local Markets
Weekly Haats, Roadside Stalls, Convenience Stores & Consumer Decision Factors
Topic 03 • The Chain of Markets
Tracing Goods from Farmers/Producers through Wholesalers and Retailers to Buyers
Topic 04 • Supply & Demand
Market Interaction, Surpluses, Shortages, Price Discovery & Guava/Tomato Case Studies
Topic 05 • Wholesale & Retail
Bulk Trading, Distribution Networks, Managing Harvest Gluts & Storage Logistics
Topic 06 • Digital & Global Markets
E-Commerce Platforms, Virtual Transactions, Domestic vs. International Trade Flows
Topic 07 • Markets Beyond Money
Social Connections, Fairs, School Carnivals, Fair Trade & Ethical Consumerism
Module 08 • Exercises & Quiz