Introduction To Economics Class 9th Geography MHB Solution

Introduction To Economics

Class 9th Geography MHB Solution

Exercise

  1. Explain the types of economies by filling correct information in the place of questions in…
  2. Give an explanation: (1) Economy begins at home. (2) India’s economy is of mixed type. (3)…
  3. Write the following questions in one line: (1) To which economic factor is the management…

Activity

  1. Obtain information about the contribution of any Indian economist in Economics and present…
  2. Consider the income and expenditure of your family and make an account sheet for it.…

Exercise
Question 1.

Explain the types of economies by filling correct information in the place of questions in the circle.


Answer:

Please see the image below which shows different types of economy.


Question 2.

Give an explanation:

(1) Economy begins at home.

(2) India’s economy is of mixed type.

(3) On the basis of economies, we can divide countries into three groupes.


Answer:

(1) Managing finance means economic management, economics makes us understand on how to use time,money,labour and land, this is applicable within family as well on using the available income effectively and managing expenses, also economics comes from the word “oikonomia” which means “family management” hence it can be said that Economy begins at home.


(2) In a mixed economy public and private sector exits at the same time or in the same place they live in an agreement in spite of different beliefs or interest, a balance is maintained between profit and social welfare, all this is seen in Indian economy hence India’s economy is mixed type.


(3) A country in which ownership of production and management of production is decided and governed by an individual or private individual and aim towards gaining maximum profit can be termed as a country with Capitalistic economy.


A country whose production is monitored and controlled by government and their goal is to achieve social welfare can be termed as a country with Socialistic economy.


A country who maintains a well balance between profit and social welfare and where public and private sector co-operate and co-exists can be termed as a country with Mixed economy.



Question 3.

Write the following questions in one line:

(1) To which economic factor is the management of individual or family finances related?

(2) From which Greek word is the term ‘Economics’ derived?

(3) In capitalistic economy, to whom does the ownership and management of means of production belong?

(4) What do you mean by globalisation?


Answer:

(1) Management of individual or family finances is related to income and expenditure.


(2) The word economics come from the Greek word oikonomia.


(3) In capitalistic economy, the ownership and management of means of production belongs to private individuals.


(4) Globalisation means aligning the country’s economy with the world economy.




Activity
Question 1.

Obtain information about the contribution of any Indian economist in Economics and present in the class.


Answer:

The famous economist who made impact in the world economics is Amartya Sen.



(i) He was awarded the 1998 Nobel Prize in Economic Sciences for his contributions to welfare economics, social choice theory and for his interest in the problems of society's poorest members.


(ii) He was also awarded the Bharat Ratna in 1999


(iii) His some of the major studies in the world economic philosophy include Development as Freedom and his book Inequality Examined.


(iv) His activities were to understand the economic gap between the people.


(v) Sen was best known for his work on the causes of famine, which led to the development of practical solutions for preventing or limiting the effects of real or perceived shortages of food.



Question 2.

Consider the income and expenditure of your family and make an account sheet for it.


Answer:

The account sheet which shows total income, budgeted expense, actual expense and balance is as below.


PDF FILE TO YOUR EMAIL IMMEDIATELY PURCHASE NOTES & PAPER SOLUTION. @ Rs. 50/- each (GST extra)

HINDI ENTIRE PAPER SOLUTION

MARATHI PAPER SOLUTION

SSC MATHS I PAPER SOLUTION

SSC MATHS II PAPER SOLUTION

SSC SCIENCE I PAPER SOLUTION

SSC SCIENCE II PAPER SOLUTION

SSC ENGLISH PAPER SOLUTION

SSC & HSC ENGLISH WRITING SKILL

HSC ACCOUNTS NOTES

HSC OCM NOTES

HSC ECONOMICS NOTES

HSC SECRETARIAL PRACTICE NOTES

2019 Board Paper Solution

HSC ENGLISH SET A 2019 21st February, 2019

HSC ENGLISH SET B 2019 21st February, 2019

HSC ENGLISH SET C 2019 21st February, 2019

HSC ENGLISH SET D 2019 21st February, 2019

SECRETARIAL PRACTICE (S.P) 2019 25th February, 2019

HSC XII PHYSICS 2019 25th February, 2019

CHEMISTRY XII HSC SOLUTION 27th, February, 2019

OCM PAPER SOLUTION 2019 27th, February, 2019

HSC MATHS PAPER SOLUTION COMMERCE, 2nd March, 2019

HSC MATHS PAPER SOLUTION SCIENCE 2nd, March, 2019

SSC ENGLISH STD 10 5TH MARCH, 2019.

HSC XII ACCOUNTS 2019 6th March, 2019

HSC XII BIOLOGY 2019 6TH March, 2019

HSC XII ECONOMICS 9Th March 2019

SSC Maths I March 2019 Solution 10th Standard11th, March, 2019

SSC MATHS II MARCH 2019 SOLUTION 10TH STD.13th March, 2019

SSC SCIENCE I MARCH 2019 SOLUTION 10TH STD. 15th March, 2019.

SSC SCIENCE II MARCH 2019 SOLUTION 10TH STD. 18th March, 2019.

SSC SOCIAL SCIENCE I MARCH 2019 SOLUTION20th March, 2019

SSC SOCIAL SCIENCE II MARCH 2019 SOLUTION, 22nd March, 2019

XII CBSE - BOARD - MARCH - 2019 ENGLISH - QP + SOLUTIONS, 2nd March, 2019

HSC Maharashtra Board Papers 2020

(Std 12th English Medium)

HSC ECONOMICS MARCH 2020

HSC OCM MARCH 2020

HSC ACCOUNTS MARCH 2020

HSC S.P. MARCH 2020

HSC ENGLISH MARCH 2020

HSC HINDI MARCH 2020

HSC MARATHI MARCH 2020

HSC MATHS MARCH 2020

SSC Maharashtra Board Papers 2020

(Std 10th English Medium)

English MARCH 2020

HindI MARCH 2020

Hindi (Composite) MARCH 2020

Marathi MARCH 2020

Mathematics (Paper 1) MARCH 2020

Mathematics (Paper 2) MARCH 2020

Sanskrit MARCH 2020

Sanskrit (Composite) MARCH 2020

Science (Paper 1) MARCH 2020

Science (Paper 2)

MUST REMEMBER THINGS on the day of Exam

Are you prepared? for English Grammar in Board Exam.

Paper Presentation In Board Exam

How to Score Good Marks in SSC Board Exams

Tips To Score More Than 90% Marks In 12th Board Exam

How to write English exams?

How to prepare for board exam when less time is left

How to memorise what you learn for board exam

No. 1 Simple Hack, you can try out, in preparing for Board Exam

How to Study for CBSE Class 10 Board Exams Subject Wise Tips?

JEE Main 2020 Registration Process – Exam Pattern & Important Dates

NEET UG 2020 Registration Process Exam Pattern & Important Dates

How can One Prepare for two Competitive Exams at the same time?

8 Proven Tips to Handle Anxiety before Exams!

BUY FROM PLAY STORE

DOWNLOAD OUR APP

HOW TO PURCHASE OUR NOTES?

S.P. Important Questions For Board Exam 2021

O.C.M. Important Questions for Board Exam. 2021

Economics Important Questions for Board Exam 2021

Chemistry Important Question Bank for board exam 2021

Physics – Section I- Important Question Bank for Maharashtra Board HSC Examination

Physics – Section II – Science- Important Question Bank for Maharashtra Board HSC 2021 Examination