Karnataka Board Class 9 Social Science Economics Chapter 14 Economic Structure Solution Exercise Question and Answer
I.) Fill in the blanks with suitable words.
1) Positive change relates to _______ activities.
2) In the ancient economies, ________ was the main one.
3) There are _______ sectors in a simple economy.
4) ‘Static economics’ has been derived from the word ________.
5) Industrial Revolution first took place in ________.
Answer:-
1.) Economic
2.) Cultivation(farming)
3.) Three
4.) Statike
5.) Britain
II.) Answer the following after discussing them in groups:
1) What is ‘Positive change’?
Answer:-Economic activities are classified into agricultural, industrial and service sector activities.Positive change is nothing but the economics activities which are increasing the source of income and making livelihood better
2) Mention the feature of ancient economics systems.
Answer:-
3) How did the capitalist class emerge?
Answer:-In a simple economy, the income comes from two sources. They are: 1) the household sector and 2) the firms sector. These generate income through mutual exchange.
4) What are the sources of Income ?
Answer :- The income comes from two sources. They are: 1) the household sector and 2) the firms sector.
5) What are the source of Employment ?
Answer:- Agriculture, industry, government
6) Explain the difference between static and dynamic economics.
Answer:-
Static economics |
Dynamic economics |
1. The word ‘static’ has been derived from the Greek word ‘statike’ | 1. The word ‘dynamic’ has been derived from the Greek word ‘dynamikos’ |
2. Statike’ means ‘stand still.’ | 2. Dynamikos means drastic changes or continuous change |
3. Static economy is a timeless economy where there are no changes at all. | 3. Dynamic economics is the study of the variations that take place in an economy |
4. the size of population, availability of capital, methods of production, nature of organization and people’s wants remain static without any alteration. | 4. he size of population, availability of capital, methods of production, nature of organization and people’s wants keep on changing continuously. |
5. During British rule, the Indian economy was a static economy. | 5 After independence, the Indian economy has got transformed into a dynamic economy. |
V.) Project :
1) Draw a diagram showing the sources of income of the government and explain it.
- Tax is the main source of revenue for the government. the governments levy taxes on households and firm sectors.
- The 5 major sources of revenue for the Government are :
Goods and Services Tax (GST), Income tax, corporation tax, non-tax revenues, union excise duties
- Other source of income are Licence fee, Fine and penaltiesetc
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Good