6th Indian Economy

INTRODUCTION ON ECONOMICS

I. Answers the following: 1. What are the basic needs of man? The basic needs of the man’s are food, cloth and shelter. 2. What are the requirements for food production? Fertile land with irrigation facilities fertilizers and pesticides, quality seed, tools and implements and financial assistance are the requirement for the food production. 3. What are the three divisions of economics? Production, consumption and distribution are the tree basic division of economics. 4. Why is it necessary to study economics? Those who study economics become Economics scholar  To prepare central and state government budget it is necessary to have…