Unit-10 Basic Features of Indian Economy

The unit provides an overview of some of the concepts in economics. Highlights the importance of natural and human resources.

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Distinguish between the terms labor force and work force?

Water used for can be regarded as a commodity of all the three sectors/secondary/tertiary. Write one line in support of each contention.

Which of three sectors is gaining in its importance in the Indian economy? What is its to GDP of late?

Mention two shifts or changes expected in the path of economic progress.

What are the two broad groups into which natural resources are classified?

Mention the three basic factors of production .

Give examples of the two broad groups of natural resources.

Distinguish between the terms wages, sectoral income, and national income in 5-6 sentences.

What do you understand by the term under developed economy ? Mention its essential features.

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What do you understand by the term under developed economy ? Mention its essential features.

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Learning Pundits Content Team
Written on Apr 17, 2019 11:51:23 AM

Poverty and high levels of illiteracy. The term development refers to a state in which high proportion of persons in the economy are illiterate and subsisting below the poverty line.

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Unit-10 Basic Features of Indian Economy

What do you understand by the term under developed economy ? Mention its essential features.

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Written on Apr 17, 2019 11:51:23 AM

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Unit-10 Basic Features of Indian Economy

What do you understand by the term under developed economy ? Mention its essential features.

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