Understanding Markets
CBSE · Class 7 · Social Science
Flashcards for Understanding Markets — CBSE Class 7 Social Science. Quick Q&A cards covering key concepts, definitions, and formulas.
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बाजार क्या है?
Answer
बाज़ार वह स्थान है जहाँ लोग सामान और सेवाएँ खरीदते और बेचते हैं। यह कोई भौतिक स्थान हो सकता है, जैसे कोई बाज़ार या दुकान, या यह ऑनलाइन ऐप्स और वेबसाइटों के माध्यम से भी हो सकता है।…
What is a market?
Answer
A market is a place where people buy and sell goods and services. It can be a physical place like a bazaar or a shop, or it can be online through apps and websites.
What are needs in economics?
Answer
Needs are things a person requires to survive, such as food, water, clothing, and shelter. They are essential, not optional.
अर्थशास्त्र में आवश्यकताएं क्या हैं?
Answer
आवश्यकताएँ वे चीजें हैं जो एक व्यक्ति को जीवित रहने के लिए चाहिए, जैसे भोजन, पानी, कपड़े और आश्रय। वे अनिवार्य हैं, वैकल्पिक नहीं।…
अर्थशास्त्र में आवश्यकताएँ क्या हैं?
Answer
इच्छाएँ वे चीजें हैं जो एक व्यक्ति चाहता है लेकिन जीवित रहने के लिए उनकी आवश्यकता नहीं होती है। उदाहरण के लिए, एक फैंसी खिलौना या एक अतिरिक्त सजावटी वस्तु एक इच्छा है, आवश्यकता नहीं।…
What are wants in economics?
Answer
Wants are things a person desires but does not need for survival. For example, a fancy toy or an extra decorative item is a want, not a need.
Why are markets important in daily life?
Answer
Markets help people get goods and services that they need and cannot produce themselves. They connect buyers, sellers, households, businesses, and producers.
दैनिक जीवन में बाजार क्यों महत्वपूर्ण हैं?
Answer
बाज़ार लोगों को उन वस्तुओं और सेवाओं को प्राप्त करने में मदद करते हैं जिनकी उन्हें आवश्यकता होती है और वे स्वयं उत्पादन नहीं कर सकते हैं। वे खरीदारों, विक्रेताओं, परिवारों, व्यवसायों और उत्पादकों को ज…
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
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