Economic activities create monetary value by transforming resources, such as raw materials into goods or services, enhancing their worth. This process involves skill, time, and effort, contributing to both individual income and societal wealth.
Class 6 Social Science Chapter 13 The Value of Work question answer
Class 6 NCERT Social Science Governance and Democracy Chapter 13 The Value of Work
Economic activities involve adding value to products or services through effort, skill, and resources. For example, manufacturing a chair from wood involves material costs, craftsmanship, and time, transforming raw wood into a valuable product. This value creation contributes to individual income and generates economic activity, fueling trade and growth. Such activities build wealth for individuals and the community, promoting both economic stability and improved living standards.
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