Gujarat Board Class 10 Solution Social Science Chapter 15 Economic Development Exercise Solution here in this Post.
Board |
GSEB Gujarat State |
Textbook |
10 Class |
Medium |
English |
Subject |
Social Science |
Chapter |
15 |
Chapter Name |
Economic Development |
Gujarat Board Class 10 Social Science Chapter 15 Economic Development Solution:
(1) Answer the following questions in detail:
(i) Discuss any five features of developing economy.
Ans: Economy of develop and developing countries is separate on the basis of per capita income. Following are the features of developing Economy:
(a) Less per capita Income : National income of developing countries is less, while population growth rate is high per capita income remains low. Because of less per capita income, living standard of people is low.
(b) Population growth : Population growth rate is high in developing nations. Rate of population growth is 2%.
(c) Dependence on Agriculture : More than 60% of the population is dependent on Agriculture for employment.
(d) Unequal distribution of Income : It is seen in developing countries. This inequality is seen in cities and villages 20% rich people of country share 40% of national income and the poorest 20% people share 10% of the national income.
(e) Poverty : It is feature of developing economy people who are not satisfy their necessities like food, clothing, shelter education and health are called poor.
(ii) Wants are unlimited. Explain.
Ans: (a) Human wants are uncountable and unlimited.
(b) So many wants originate from one want.
(c) Many requirements are to be fulfilled again and again and many wants arise because of development of science and technology.
(d) Because of many reasons wants become unlimited.
(e) So, in order to fulfill the wants, one has to make selection among wanys.
(iii) Discuss limitations of market system.
Ans: Inspire of having benefits, market system is not perfect. There are many limitations of it.
(a) Because of keeping profit in the centre of production, commodities and production of luxurious commodities of basic requirement is neglected.
(b) Because of lack policy related to role of state, natural resources are waste.
(c) Lack of knowledge and ignorance about the market, consumers are exploited.
(d) There is fear of monopoly, economic instability exploitation of labour.
(iv) Discuss the distribution of resources in mixed economy.
Ans: (a) In mixed economy there is co-existence of public and private sector. This system is also called “Controlled Economic System”.
(b) Co-existence of public and private sector, the economic activities are divided between the private and public sector.
(c) Agriculture, trade small consumer goods industries involve less risk and included in private sector.
(d) The industries like railway, electricity, irrigation, which involve in more risk.
(2) Answer the following questions as per requirement:
(i) Land as a factor production.
Ans: Production is done with help of natural resource and labour
Land : In normal sense land is the upper layer of surface of the earth. Land means different types of natural resources forest, rivers, mountains, minerals and metals land is natural tool for production.
(ii) Limitation of socialist system.
Ans: (a) As the resources of production are owned by the state, people do not get encouragement and motivation to increase production.
(b) Lack of competition, contest and research do not get momentum in the economy.
(c) There is lack of individual freedom in this system.
(d) Because of complete interference of state, fear of bureaucracy.
(iii) Discuss the difference between economic progress and economic development.
Ans: Economic progress and economic development both show on increase.
Economic Progress | Economic development |
(1) Economic progress is quantitative. | (1) Economic development is qualitative. |
(2) It’s stage after economic development. | (2) It is first stage. |
(3) Increase in national income of develop countries is called economic progress. | (3) Increase in national income of developing countries is called economic development. |
(iv) Write a note on primary sector.
Ans: Primary sector : Agriculture and Agriculture related activities like cattle rearing, cattle breeding, fishing, poultry farm, collection of forest products, mining of raw metal are include in primary sector.
(v) Difference between : Economic and Non-Economic activities.
Ans:
(a) Economic Activities : Economic activities means earning or spending money for the exchange of commodities e.g. activities of farmer and Artisan, a businessman, a teacher etc are included in it.
(b) Non-Economic Activities : Activities that are not aimed at obtaining income or something indirectly are called non-Economic activities e.g. nurturing of child by the mother, social worker.
(3) Answer the following questions :
(i) What is economic development?
Ans: Economic development means constant increase in national income of a country, increase in per capita income of a country, improvement in the living standard of the people are called economic development.
(ii) Which are the factors of productions? Name them.
Ans: There are four factors productions –
(a) Land
(b) Capital
(c) Labour
(d) Entrepreneurship
(iii) What is the meaning of economic activity?
Ans: Economic activity means earning or spending money for the exchange of commodities or services.
(iv) Which economic system has been followed by India ?
Ans: Mixed economy Economic system has been followed by India.
(v) What do you mean by alternative use of resources?
Ans: When any tool of production may be utilized in more than one way, it means that the tool has multiple usage, it may be said that this usage is alternative.
(4) Answer the following questions by choosing the correct alternative.
(i) Economically, India is which type of country?
Ans: (c) Developing
(ii) According to world bank report 2004, what is the minimum per capita income (in dollars) for a country to be called a developing country?
Ans: $ 735
(iii) Which system is called free economy?
Ans: (c) Market system
(iv) Cattle rearing is included in which sector of economy?
Ans: Primary