Economic activities are those that have monetary value. Value addition occurs when something is transformed, like turning wood into furniture, increasing its worth through skill, time, and effort.
Class VI Social Science Chapter 13 The Value of Work
Social Science Textbook Exploring Society India and Beyond Session 2024-2025.
What are economic activities, and how do they involve value addition?
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Economic activities are actions undertaken to earn a livelihood, such as production, distribution, or services. They involve value addition by transforming raw materials into finished goods or offering services, enhancing their utility and generating income for individuals and businesses.
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