t e r

St ar

Where do you go to purchase things from?

Do they give you the things free of cost or
you pay money for that?

From where do the shopkeepers purchase so

many things like, vegetables, T.V., Washing
machine etc.
 LEARNING
OBJECTIVES

Comprehend the meaning

of market & Write one
feature of the three markets
Compare and Contrast the
different types of market
around us.
Analyze how markets act as
a link between producers
and the consumers.
KEYWORDS / LFL
market
consumer
Producer
traders
hawker
chain of markets
weekly
shopping complexes
urban
groceries
ENGAGE
 A I N
PL
E X Types of Market

Weekly Shopping
Neighbourhood
Markets Complexes ,
Shops
Mall
WEEKLY
MARKETS

Held on
specific Mostly all
day of the Do not have
permanent Products are
week.Eg? available at
shops.
one place and
at cheap rates.
Neighbourhood
shops

Shops will be on Road

side and the shops are
permanent.It will be
mostly near our home.
Mostly buyer and seller
know each other and these
shops provide goods on
credit.
SHOPPING COMPLEX /
MALLS

In Urban areas we have large multi

storied air conditioned buildings
with shops on different floors
known as malls.

We will get both branded and

non-branded goods are
available and they are expensive
and claims high quality.
Chain of Market

Producer The people who produces the goods.

Wholesaler The people who buys goods in large

quantities from the producers.

Traders The people in between the producer and

the final consumers.

The person or groups who purchases the

Consumers goods for consumption are consumers.
SDG GAOL
 EXPLORE the topic
Market Around Us
and complete the activity.
Group . 1 Case Study
Shop owners in a weekly market and those in a shopping complex. They are
very different people. One is a small trader with little money to run the shop
whereas the other is able to spend a lot of money to set up the shop. They also
earn unequal amounts. The weekly market trader earns little compared to the
profit of a regular shop owner in a shopping complex. Similarly, buyers are
differently placed. There are many who are not able to afford the cheapest of
goods while others are busy shopping in mall. When things are sold, it
encourages production and new opportunities are created for people to earn.

1.How do the weekly market trader and permanent shop owner earn different
amounts?
2.What happens in the economy when things are sold?
3.Amongst a producer, trader and the consumer, who do you think has the
maximum possibility of getting exploited and why?
Group . 2

Think of five items that you would like to purchase which can be
used in your daily lives.

You have to decide the following:

The price of the product.

The kind of shop that will sell the product and a give a reason for
choosing a particular market.
Group .3

Define Market and complete the Tree chart to show the

three different markets and write one feature about each
market.
 Excellent Good Needs
Improvement
3 2 1

Content

Organization

Presentation

Timely
Completion
 Elaborate

Debate on the topic :

In the future, all shopping
will be done online.

Interdisciplinary Skills
Critical thinking
Problem solving skills.
Communication &
Collaborative skills.
EXTENSION: Cross Curriculum with Math & Art

Homework -

Purchase any two vegetables and two fruits from a

shopping mall and the same from a local grocery.
Collect the data and compare the price.
Find out which is costly and why?
Represent it on a graph paper.
Evaluate
Plenary: Exit Ticket

Write one feature about three types of Markets.

Draw a flow chart to show the Chain of market