annu10
  • 1

‘Buying and selling can take place without going to a marketplace.’ Explain this statement with the help of examples.

  • 1

NCERT Solutions for Class 7 Social Science
Civics Chapter 7: Markets Around Us
Question 5 Page No. 85
NCERT Academic Session 2023-2024

Share

1 Answer

  1. Buying and Selling Beyond Physical Marketplaces:
    1. E-commerce Platforms: Websites like Amazon, eBay, and Alibaba facilitate transactions without visiting a marketplace, allowing purchases online.

    2. Social Media Marketplaces: Platforms such as Facebook Marketplace and Instagram Shops enable sales directly through social media profiles.

    3. Online Auctions: Websites like eBay allow bidding and buying items remotely, bypassing the need to visit physical auction houses.

    4. Cryptocurrency Exchanges: Digital platforms facilitate buying and selling cryptocurrencies without a physical market presence.

    5. Mobile Payment Systems: Apps like PayPal and Venmo allow electronic transactions, eliminating the necessity of physically going to a marketplace.

    These examples illustrate how technology has expanded commerce, allowing transactions to occur seamlessly beyond physical marketplaces through various online platforms and digital systems.

    • 2
Leave an answer

Leave an answer

Browse