Buying and selling can take place without going to a marketplace.’ Explain this statement with the help of examples
NCERT Class 7th Social Science (Social and Political Life) Chapter 8- Markets Around Us
Answers
Introduction -it it is not always necessary that one has to go to the market to purchase goods .
1.You can place orders for a variety of things through the phone or these days through the internet .
2.The goods are delivered at your home .
3.For example:In the clinic and nursing homes you may have noticed sales representatives waiting for doctors, such persons are also engaged in selling of goods.
Conclusion -Thus buying and selling takes place in different ways not necessarily through shops in the markets.
Buying and selling can take place without going to a marketplace.
1, With the recent digitalization of the industrial sector in India, various services can be performed online. Banking and financial services, payment, and recharge functions can be done with the help of using online equipment. Among this, a highly growing sector has surfaced that has created various opportunities in the market. This is the e-commerce sector.
2. The e-commerce sector has created a situation resembling that of a virtual market that enables buyers and sellers to carry on their business without a physical presence.
3. Buying and selling without going to a physical marketplace have made it possible with the invention of online buying and selling procedures. Customers can get their products delivered to their doorstep with the help of courier services. The sellers can receive their deserving payments with the help of payment gateways or electrical methods. Online bank transactions are very popular in this particular sector. The method of cash on delivery or COD has recently been popularized that enables the buyers to make the payment in liquid cash at the time of the delivery of their products.