What do we call the monetary value assigned to an object based on its benefit?
Changes in Work Over Time
In Class 6 Social Science – Chapter 13: The Value of Work, we explore how work has evolved. Earlier, people relied on traditional jobs like farming and handicrafts. Today, with technology, new career options like software development and digital marketing have emerged, showing how work adapts with time.
Ans.: (C)
Money’s worth refers to the monetary value assigned to an object based on the benefit it provides. It reflects the idea of getting equivalent value in return for what is spent.
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The correct answer is (B) Value addition.
Value addition refers to the increase in the monetary worth of a product or service by enhancing its usefulness or quality. For example, processing raw materials into finished goods adds value to them, making them more beneficial and marketable.
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