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Showing posts with label VII-L-12. Show all posts
Showing posts with label VII-L-12. Show all posts

Wednesday, 25 February 2026

CLASS-VII QUIZ 5: SOCIAL SCIENCE:- CHAPTER: 12 UNDERSTANDING MARKETS

UNDERSTANDING MARKETS QUIZ

UNDERSTANDING MARKETS QUIZ

CLASS-VII QUIZ 4: SOCIAL SCIENCE:- CHAPTER: 12 UNDERSTANDING MARKETS

UNDERSTANDING MARKETS QUIZ
Time: 10:00

CLASS-VII QUIZ 3: SOCIAL SCIENCE:- CHAPTER: 12 UNDERSTANDING MARKETS

UNDERSTANDING MARKETS QUI

UNDERSTANDING MARKETS QUIZ

CLASS-VII QUIZ 2: SOCIAL SCIENCE:- CHAPTER: 12 UNDERSTANDING MARKETS

UNDERSTANDING MARKETS QUIZ

UNDERSTANDING MARKETS QUIZ

CLASS-VII QUIZ 1: SOCIAL SCIENCE:- CHAPTER: 12 UNDERSTANDING MARKETS

UNDERSTANDING MARKETS QUIZ

Market & Economics Quiz

Wednesday, 18 February 2026

CLASS-VII-SOCIAL SCIENCE PART-I LESSON: 12 UNDERSTANDING MARKETS

 

CLASS-VII-SOCIAL SCIENCE PART-I

LESSON: 12

UNDERSTANDING MARKETS

 

 

1. Introduction to Markets

v Meaning of a Market

Ø A place where people buy and sell goods and services is called as market. It is also known as bazaar, haat (in Hindi), and mārukatté (Kannada).

Ø A market can be a physical place or an online platform.

Ø Markets help individuals, households and businesses access goods and services.

Ø Markets connect people, traditions, and ideas.

v Historical Example – Hampi Bazaar

Ø The Hampi Bazaar in Karnataka was a prosperous market during the Vijayanagara Empire (1336-1565)

Ø It was located opposite the Virupaksha Temple.

Ø Foreign travellers of Portuguese like Domingos Paes and Fernao Nuniz described its prosperity.

Ø A wide variety of goods such as grains, silk, animals, jewels and precious stones were traded there.

Ø The bazaar reflected the economic strength of the empire.