Fees play an important role in economic activities as they are payments made for services provided by professionals or organizations. For example, students pay school fees for education, and patients pay fees to doctors for treatment. This payment compensates the service provider for their work and expertise. Fees help sustain institutions and professionals by generating income, enabling them to continue offering their services. They are an essential part of the economy, ensuring that resources and skills are used effectively to meet people’s needs.
This question related to Chapter 13 Social Science Class 6th NCERT.
From the Chapter 13. The Value of Work.
Give answer according to your understanding.
Fees are payments made for specific professional services.
Explanation: For example, doctors or lawyers charge fees for their expertise.
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