1. Define Economy?
The state of a country or region in terms of the production and consumption of goods and services and the supply of money.
2. State any two characteristics of developed country
Good health and education system, Good transportation system, Low percentage of deaths because of starvation
3. Define density of population
Population density is a measurement of population per unit area or unit volume or Measure of the intensity of land use, expressed as number of people per square kilometer or square mile
4. What is national Income?
the total net earnings from the production of goods and services in a country over a period of time, usually one year, and consisting essentially of wages, salaries, rent, profits, and interest.
5. Give two reasons for inequalities of income
Gender discrimination, More regressive taxation
6. Define Indian economy
The manner in which various economic activities such as farming, manufacturing, mining, trade, transport, banking etc connected with the production and distribution of goods and services are organized in India, and the way which the people of the India earn their livelihood.
7. What is per capita Income
The total national income divided by the number of people in the nation
8. Mention any Two characteristics of Indian economy
Low per capita Income, Predominance of Agriculture
9. What do you mean by Exhaustible resources and Give an examples
A natural resource that cannot be increased by the natural forces of the environment. The quantities of exhaustible resources are effectively fixed and thus the more used today, the less is available for use in the future. Example are, oil, minerals
The state of a country or region in terms of the production and consumption of goods and services and the supply of money.
2. State any two characteristics of developed country
Good health and education system, Good transportation system, Low percentage of deaths because of starvation
3. Define density of population
Population density is a measurement of population per unit area or unit volume or Measure of the intensity of land use, expressed as number of people per square kilometer or square mile
4. What is national Income?
the total net earnings from the production of goods and services in a country over a period of time, usually one year, and consisting essentially of wages, salaries, rent, profits, and interest.
5. Give two reasons for inequalities of income
Gender discrimination, More regressive taxation
6. Define Indian economy
The manner in which various economic activities such as farming, manufacturing, mining, trade, transport, banking etc connected with the production and distribution of goods and services are organized in India, and the way which the people of the India earn their livelihood.
7. What is per capita Income
The total national income divided by the number of people in the nation
8. Mention any Two characteristics of Indian economy
Low per capita Income, Predominance of Agriculture
9. What do you mean by Exhaustible resources and Give an examples
A natural resource that cannot be increased by the natural forces of the environment. The quantities of exhaustible resources are effectively fixed and thus the more used today, the less is available for use in the future. Example are, oil, minerals
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