1. A government is a set of institutions that have the power to make, implement and interpret laws so as to ensure an orderly life. In its broad sense, government administers and supervises over citizens and resources of a country.

    A government is a set of institutions that have the power to make, implement and interpret laws so as to ensure an orderly life. In its broad sense, government administers and supervises over citizens and resources of a country.

    See less
    • 4
  2. State is a political association occupying a definite territory, having an organised government and possessing power to make domestic and foreign policies. Governments may change, but the state continues. In common speech. the terms country, nation and state are used as synonyms.

    State is a political association occupying a definite territory, having an organised government and possessing power to make domestic and foreign policies. Governments may change, but the state continues. In common speech. the terms country, nation and state are used as synonyms.

    See less
    • 4
  3. (a) The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of the production in the three sectors is called the Gross Domestic Product or GDP. (b) The task of measuri.ng GDP is undertaken by a CentRead more

    (a) The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of the production in the three sectors is called the Gross Domestic Product or GDP.
    (b) The task of measuri.ng GDP is undertaken by a Central Government ministry. The
    ministry with the help of various government departments of all the Indian states and union territories, collects the information relating to the total volume of goods and services and their prices and then estimates the GDP.
    (c) The GDP of a country shows the size of the economy of the country. This reflects whether the country is poor or rich and the status of employment and people.

    See less
    • 17