The Value of Work Class 6 Case Study Based Questions

The Value of Work Class 6 Case Study Based Questions

The Value of Work Class 6 Case Study Based Questions

Read the source given below and answer the following questions:

Economic activities are those that involve money or are performed in exchange for money or money’s worth for the parties involved. For example, a business person selling school bags in the market, a farmer selling produce in the market, a lawyer arguing a case and earning a fee, a truck driver transporting goods from one place to another, workers employed in a car manufacturing factory, etc.

Question 1.

What defines economic activities?

Answer:

Activities involving money or exchange for money’s worth.

Question 2.

Give an example of an economic activity.

Answer:

A farmer selling produce.

Question 3.

Why are economic activities essential for society?

Answer:

Economic activities are essential as they generate income, create jobs, and facilitate the exchange of goods and services, which are important for the. functioning of the economy and society.