Value addition is the process of increasing the worth of a product by enhancing it through various activities. For example, when raw cotton is turned into cloth, its value increases. This is important in economic activities as it creates more jobs and helps in earning higher incomes. Value addition benefits both producers and the economy, as it leads to better use of resources and higher profits. It is an essential step in making products more useful and desirable for consumers.
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.
Value addition is the process of enhancing the worth of a product through production or service.
Explanation: For instance, a carpenter transforms wood worth ₹600 into a chair sold for ₹1,000, with ₹400 representing his skill and effort.
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