Geeta Aunty, an Air Force pilot, and Rohan, a software engineer, exemplify individuals engaged in economic activities as they both earn salaries for their professional roles. Their jobs contribute to the economy by providing essential services and solutions—Geeta Aunty ensures national defense and sRead more
Geeta Aunty, an Air Force pilot, and Rohan, a software engineer, exemplify individuals engaged in economic activities as they both earn salaries for their professional roles. Their jobs contribute to the economy by providing essential services and solutions—Geeta Aunty ensures national defense and security, while Rohan develops software that enhances technological efficiency. By receiving salaries, they participate in the labor market, supporting their livelihoods and contributing to economic growth. Their professions not only reflect their skills and expertise but also illustrate the diverse sectors within the economy where individuals can earn income through meaningful work. Therefore option 4 is correct answer.
Non-economic activities are motivated by emotions such as love, care, and altruism, rather than the pursuit of monetary gain. Examples include caring for family members, volunteering in community service, or helping friends in need. These actions prioritize emotional connections and social responsibRead more
Non-economic activities are motivated by emotions such as love, care, and altruism, rather than the pursuit of monetary gain. Examples include caring for family members, volunteering in community service, or helping friends in need. These actions prioritize emotional connections and social responsibility, contributing to personal fulfillment and community well-being. By engaging in non-economic activities, individuals foster relationships, strengthen social bonds, and promote a sense of belonging within their communities. Ultimately, these activities highlight the importance of compassion and support in enhancing the quality of life beyond financial considerations. Therefore option 3 is correct.
Payment in kind refers to compensation received in forms other than cash, such as goods, services, or commodities. This practice is often utilized in situations where cash may be scarce or impractical, allowing for transactions to occur through direct exchanges of value. For example, a farmer mightRead more
Payment in kind refers to compensation received in forms other than cash, such as goods, services, or commodities. This practice is often utilized in situations where cash may be scarce or impractical, allowing for transactions to occur through direct exchanges of value. For example, a farmer might receive livestock in exchange for agricultural products, or an employee might accept goods as part of their salary. Payment in kind can facilitate trade and strengthen relationships in various contexts, especially in barter economies or among communities with strong social ties. Ultimately, it underscores the diverse ways individuals and businesses can engage in economic exchanges beyond traditional monetary transactions. Therefore option 2 is correct.
When Sahil receives part of his payment in mangoes, it exemplifies the concept of payment in kind, where goods or services are exchanged instead of traditional monetary currency. This form of compensation is often used in agricultural or barter economies, where tangible items like food, livestock, oRead more
When Sahil receives part of his payment in mangoes, it exemplifies the concept of payment in kind, where goods or services are exchanged instead of traditional monetary currency. This form of compensation is often used in agricultural or barter economies, where tangible items like food, livestock, or other products are given in lieu of cash. Payment in kind can help facilitate transactions in situations where cash may be scarce or impractical. Additionally, it reflects a direct exchange of value, allowing individuals to fulfill their needs using tangible goods rather than relying solely on currency. Therefore option 2 is correct.
Non-economic activities play a vital role in enhancing the quality of life and contributing to societal welfare, even though they do not involve direct financial gain. These activities include volunteering, community service, cultural events, and recreational pursuits, all of which foster social cohRead more
Non-economic activities play a vital role in enhancing the quality of life and contributing to societal welfare, even though they do not involve direct financial gain. These activities include volunteering, community service, cultural events, and recreational pursuits, all of which foster social cohesion and strengthen community bonds. By promoting well-being, education, and cultural enrichment, non-economic activities improve overall happiness and life satisfaction within society. Additionally, they create a supportive environment that encourages collaboration and mutual assistance, ultimately leading to a more harmonious and resilient community. Therefore option 2 is correct.
Salaries are generally determined by the market value of the professional services rendered, reflecting the demand and supply dynamics within various industries. Factors such as education, experience, skill level, and job responsibilities play a crucial role in establishing an individual's worth inRead more
Salaries are generally determined by the market value of the professional services rendered, reflecting the demand and supply dynamics within various industries. Factors such as education, experience, skill level, and job responsibilities play a crucial role in establishing an individual’s worth in the job market. Economic activities, including the productivity and profitability of the organization, also influence salary levels. By aligning compensation with market conditions, employers aim to attract and retain talent while ensuring that employees are fairly compensated for their contributions to the organization’s success. Ultimately, this market-driven approach helps create a competitive workforce that supports overall economic growth. Therefore option 2 is correct answer.
The doctor exemplifies the dual nature of professional engagement by earning money for their economic services while also volunteering without compensation, reflecting non-economic contributions. In their professional capacity, the doctor provides essential healthcare services, generating income thaRead more
The doctor exemplifies the dual nature of professional engagement by earning money for their economic services while also volunteering without compensation, reflecting non-economic contributions. In their professional capacity, the doctor provides essential healthcare services, generating income that supports their livelihood. However, through volunteering, they demonstrate a commitment to community welfare, offering their expertise and time to help those in need without financial reward. This balance between economic and non-economic activities highlights the broader impact healthcare professionals can have on society, fostering both financial sustainability and social responsibility. Ultimately, it underscores the importance of service beyond mere monetary gain. Therefore option 3 is correct.
Economic activities are primarily focused on earning money and generating financial returns, encompassing various actions such as employment, trade, and investment. These activities contribute to individual income and the overall economy by creating goods and services that fulfill market demands. InRead more
Economic activities are primarily focused on earning money and generating financial returns, encompassing various actions such as employment, trade, and investment. These activities contribute to individual income and the overall economy by creating goods and services that fulfill market demands. In contrast, non-economic activities are undertaken for reasons beyond financial gain, such as personal fulfillment, community service, or leisure pursuits. These activities enhance social bonds, improve well-being, and promote cultural enrichment within society. Together, both economic and non-economic activities play essential roles in shaping a balanced and thriving community. Therefore option 1 is correct answer.
Non-economic activities are conducted out of goodwill and altruism, where individuals engage in actions without expecting any monetary compensation. Examples include volunteering for community service, participating in charitable events, or helping neighbors and friends. These activities are drivenRead more
Non-economic activities are conducted out of goodwill and altruism, where individuals engage in actions without expecting any monetary compensation. Examples include volunteering for community service, participating in charitable events, or helping neighbors and friends. These activities are driven by a desire to contribute positively to society, foster social connections, and support those in need. By prioritizing the welfare of others over personal financial gain, non-economic activities enrich communities, strengthen social ties, and promote a spirit of collaboration and empathy among individuals. Ultimately, they play a crucial role in enhancing the overall quality of life within society. Therefore option 2 is correct.
Value addition refers to the process where economic activities enhance the monetary worth of a product during its transformation from raw materials to finished goods. This occurs through various stages of production, such as processing, manufacturing, and packaging, which improve the product's qualiRead more
Value addition refers to the process where economic activities enhance the monetary worth of a product during its transformation from raw materials to finished goods. This occurs through various stages of production, such as processing, manufacturing, and packaging, which improve the product’s quality, utility, or appeal. For instance, turning raw cotton into textiles not only increases its value but also creates jobs and stimulates economic growth. By adding value, businesses can achieve higher profit margins while providing consumers with improved products. This concept is essential for driving innovation and competitiveness within industries, contributing to overall economic development. Therefore option 3 is correct answer.
Who receives a salary in Anu and Kabirs story?
Geeta Aunty, an Air Force pilot, and Rohan, a software engineer, exemplify individuals engaged in economic activities as they both earn salaries for their professional roles. Their jobs contribute to the economy by providing essential services and solutions—Geeta Aunty ensures national defense and sRead more
Geeta Aunty, an Air Force pilot, and Rohan, a software engineer, exemplify individuals engaged in economic activities as they both earn salaries for their professional roles. Their jobs contribute to the economy by providing essential services and solutions—Geeta Aunty ensures national defense and security, while Rohan develops software that enhances technological efficiency. By receiving salaries, they participate in the labor market, supporting their livelihoods and contributing to economic growth. Their professions not only reflect their skills and expertise but also illustrate the diverse sectors within the economy where individuals can earn income through meaningful work. Therefore option 4 is correct answer.
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Which profession is associated with a non-economic activity?
Non-economic activities are motivated by emotions such as love, care, and altruism, rather than the pursuit of monetary gain. Examples include caring for family members, volunteering in community service, or helping friends in need. These actions prioritize emotional connections and social responsibRead more
Non-economic activities are motivated by emotions such as love, care, and altruism, rather than the pursuit of monetary gain. Examples include caring for family members, volunteering in community service, or helping friends in need. These actions prioritize emotional connections and social responsibility, contributing to personal fulfillment and community well-being. By engaging in non-economic activities, individuals foster relationships, strengthen social bonds, and promote a sense of belonging within their communities. Ultimately, these activities highlight the importance of compassion and support in enhancing the quality of life beyond financial considerations. Therefore option 3 is correct.
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What is meant by payment in kind?
Payment in kind refers to compensation received in forms other than cash, such as goods, services, or commodities. This practice is often utilized in situations where cash may be scarce or impractical, allowing for transactions to occur through direct exchanges of value. For example, a farmer mightRead more
Payment in kind refers to compensation received in forms other than cash, such as goods, services, or commodities. This practice is often utilized in situations where cash may be scarce or impractical, allowing for transactions to occur through direct exchanges of value. For example, a farmer might receive livestock in exchange for agricultural products, or an employee might accept goods as part of their salary. Payment in kind can facilitate trade and strengthen relationships in various contexts, especially in barter economies or among communities with strong social ties. Ultimately, it underscores the diverse ways individuals and businesses can engage in economic exchanges beyond traditional monetary transactions. Therefore option 2 is correct.
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What kind of payment does a farm laborer receive in Sahils case?
When Sahil receives part of his payment in mangoes, it exemplifies the concept of payment in kind, where goods or services are exchanged instead of traditional monetary currency. This form of compensation is often used in agricultural or barter economies, where tangible items like food, livestock, oRead more
When Sahil receives part of his payment in mangoes, it exemplifies the concept of payment in kind, where goods or services are exchanged instead of traditional monetary currency. This form of compensation is often used in agricultural or barter economies, where tangible items like food, livestock, or other products are given in lieu of cash. Payment in kind can help facilitate transactions in situations where cash may be scarce or impractical. Additionally, it reflects a direct exchange of value, allowing individuals to fulfill their needs using tangible goods rather than relying solely on currency. Therefore option 2 is correct.
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See lesshttps://www.tiwariacademy.com/ncert-solutions-class-6-social-science-chapter-13/
Why are non-economic activities still valuable despite not involving money?
Non-economic activities play a vital role in enhancing the quality of life and contributing to societal welfare, even though they do not involve direct financial gain. These activities include volunteering, community service, cultural events, and recreational pursuits, all of which foster social cohRead more
Non-economic activities play a vital role in enhancing the quality of life and contributing to societal welfare, even though they do not involve direct financial gain. These activities include volunteering, community service, cultural events, and recreational pursuits, all of which foster social cohesion and strengthen community bonds. By promoting well-being, education, and cultural enrichment, non-economic activities improve overall happiness and life satisfaction within society. Additionally, they create a supportive environment that encourages collaboration and mutual assistance, ultimately leading to a more harmonious and resilient community. Therefore option 2 is correct.
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See lesshttps://www.tiwariacademy.com/ncert-solutions-class-6-social-science-chapter-13/
How is the salary of a person involved in an economic activity determined?
Salaries are generally determined by the market value of the professional services rendered, reflecting the demand and supply dynamics within various industries. Factors such as education, experience, skill level, and job responsibilities play a crucial role in establishing an individual's worth inRead more
Salaries are generally determined by the market value of the professional services rendered, reflecting the demand and supply dynamics within various industries. Factors such as education, experience, skill level, and job responsibilities play a crucial role in establishing an individual’s worth in the job market. Economic activities, including the productivity and profitability of the organization, also influence salary levels. By aligning compensation with market conditions, employers aim to attract and retain talent while ensuring that employees are fairly compensated for their contributions to the organization’s success. Ultimately, this market-driven approach helps create a competitive workforce that supports overall economic growth. Therefore option 2 is correct answer.
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Which activity would be considered both economic and non-economic?
The doctor exemplifies the dual nature of professional engagement by earning money for their economic services while also volunteering without compensation, reflecting non-economic contributions. In their professional capacity, the doctor provides essential healthcare services, generating income thaRead more
The doctor exemplifies the dual nature of professional engagement by earning money for their economic services while also volunteering without compensation, reflecting non-economic contributions. In their professional capacity, the doctor provides essential healthcare services, generating income that supports their livelihood. However, through volunteering, they demonstrate a commitment to community welfare, offering their expertise and time to help those in need without financial reward. This balance between economic and non-economic activities highlights the broader impact healthcare professionals can have on society, fostering both financial sustainability and social responsibility. Ultimately, it underscores the importance of service beyond mere monetary gain. Therefore option 3 is correct.
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See lesshttps://www.tiwariacademy.com/ncert-solutions-class-6-social-science-chapter-13/
What is the main difference between economic and non-economic activities?
Economic activities are primarily focused on earning money and generating financial returns, encompassing various actions such as employment, trade, and investment. These activities contribute to individual income and the overall economy by creating goods and services that fulfill market demands. InRead more
Economic activities are primarily focused on earning money and generating financial returns, encompassing various actions such as employment, trade, and investment. These activities contribute to individual income and the overall economy by creating goods and services that fulfill market demands. In contrast, non-economic activities are undertaken for reasons beyond financial gain, such as personal fulfillment, community service, or leisure pursuits. These activities enhance social bonds, improve well-being, and promote cultural enrichment within society. Together, both economic and non-economic activities play essential roles in shaping a balanced and thriving community. Therefore option 1 is correct answer.
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Which of the following is an example of a non-economic activity?
Non-economic activities are conducted out of goodwill and altruism, where individuals engage in actions without expecting any monetary compensation. Examples include volunteering for community service, participating in charitable events, or helping neighbors and friends. These activities are drivenRead more
Non-economic activities are conducted out of goodwill and altruism, where individuals engage in actions without expecting any monetary compensation. Examples include volunteering for community service, participating in charitable events, or helping neighbors and friends. These activities are driven by a desire to contribute positively to society, foster social connections, and support those in need. By prioritizing the welfare of others over personal financial gain, non-economic activities enrich communities, strengthen social ties, and promote a spirit of collaboration and empathy among individuals. Ultimately, they play a crucial role in enhancing the overall quality of life within society. Therefore option 2 is correct.
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See lesshttps://www.tiwariacademy.com/ncert-solutions-class-6-social-science-chapter-13/
What does the term value addition refer to?
Value addition refers to the process where economic activities enhance the monetary worth of a product during its transformation from raw materials to finished goods. This occurs through various stages of production, such as processing, manufacturing, and packaging, which improve the product's qualiRead more
Value addition refers to the process where economic activities enhance the monetary worth of a product during its transformation from raw materials to finished goods. This occurs through various stages of production, such as processing, manufacturing, and packaging, which improve the product’s quality, utility, or appeal. For instance, turning raw cotton into textiles not only increases its value but also creates jobs and stimulates economic growth. By adding value, businesses can achieve higher profit margins while providing consumers with improved products. This concept is essential for driving innovation and competitiveness within industries, contributing to overall economic development. Therefore option 3 is correct answer.
For more please visit here:
See lesshttps://www.tiwariacademy.com/ncert-solutions-class-6-social-science-chapter-13/