Study Chapter Details
NCERT Book Class 7 Social Science in Hindi – Understanding Markets
The chapter "Understanding Markets" in the NCERT Class 7 Social Science Book (Hindi Medium) introduces students to the concept of markets and how goods and services are exchanged between buyers and sellers. It explains the functioning of local markets, weekly markets, and modern retail markets, highlighting their role in everyday life.
Students learn about price determination, demand and supply, competition, and the influence of middlemen in markets. The chapter also discusses how markets help producers and consumers make decisions and how they contribute to the overall economy. Real-life examples make these economic concepts easy to understand and relatable.
Written in simple Hindi, this chapter helps students develop an understanding of the basic principles of trade and commerce, encouraging awareness about consumer rights and responsibilities in the market system.
