Class 6 Exam > Class 6 Questions > How do economic activities contribute to soci...
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How do economic activities contribute to society?
- a)By providing entertainment
- b)By generating income and creating jobs
- c)By offering volunteer services
- d)By promoting leisure activities
Correct answer is option 'B'. Can you explain this answer?
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How do economic activities contribute to society?a)By providing entert...
Economic activities contribute to society by generating income, creating jobs, and facilitating the exchange of goods and services, which supports economic growth and development.
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How do economic activities contribute to society?a)By providing entert...
Economic Activities and Their Contribution to Society
Economic activities play a pivotal role in shaping society by generating income and creating jobs. Here’s how they contribute:
Job Creation
- Economic activities, such as businesses and industries, are essential for creating employment opportunities.
- Jobs provide individuals with a source of income, which is crucial for their livelihoods.
Income Generation
- Through economic activities, income is generated not just for individuals but also for governments.
- Taxes collected from businesses and workers fund public services like education, healthcare, and infrastructure.
Wealth Distribution
- Economic activities help in distributing wealth across different sectors of society.
- A more equitable distribution of income can lead to improved quality of life for many.
Stimulating Growth
- By creating jobs and generating income, economic activities stimulate economic growth.
- This growth leads to further investment, innovation, and development within communities.
Support for Local Communities
- Local businesses contribute to the local economy by hiring residents and purchasing local goods and services.
- This creates a cycle of economic support that strengthens community ties.
In summary, the primary contribution of economic activities lies in generating income and creating jobs, which is fundamental for the prosperity and development of society.
Economic activities play a pivotal role in shaping society by generating income and creating jobs. Here’s how they contribute:
Job Creation
- Economic activities, such as businesses and industries, are essential for creating employment opportunities.
- Jobs provide individuals with a source of income, which is crucial for their livelihoods.
Income Generation
- Through economic activities, income is generated not just for individuals but also for governments.
- Taxes collected from businesses and workers fund public services like education, healthcare, and infrastructure.
Wealth Distribution
- Economic activities help in distributing wealth across different sectors of society.
- A more equitable distribution of income can lead to improved quality of life for many.
Stimulating Growth
- By creating jobs and generating income, economic activities stimulate economic growth.
- This growth leads to further investment, innovation, and development within communities.
Support for Local Communities
- Local businesses contribute to the local economy by hiring residents and purchasing local goods and services.
- This creates a cycle of economic support that strengthens community ties.
In summary, the primary contribution of economic activities lies in generating income and creating jobs, which is fundamental for the prosperity and development of society.
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How do economic activities contribute to society?a)By providing entertainmentb)By generating income and creating jobsc)By offering volunteer servicesd)By promoting leisure activitiesCorrect answer is option 'B'. Can you explain this answer?
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How do economic activities contribute to society?a)By providing entertainmentb)By generating income and creating jobsc)By offering volunteer servicesd)By promoting leisure activitiesCorrect answer is option 'B'. Can you explain this answer? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about How do economic activities contribute to society?a)By providing entertainmentb)By generating income and creating jobsc)By offering volunteer servicesd)By promoting leisure activitiesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How do economic activities contribute to society?a)By providing entertainmentb)By generating income and creating jobsc)By offering volunteer servicesd)By promoting leisure activitiesCorrect answer is option 'B'. Can you explain this answer?.
How do economic activities contribute to society?a)By providing entertainmentb)By generating income and creating jobsc)By offering volunteer servicesd)By promoting leisure activitiesCorrect answer is option 'B'. Can you explain this answer? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about How do economic activities contribute to society?a)By providing entertainmentb)By generating income and creating jobsc)By offering volunteer servicesd)By promoting leisure activitiesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How do economic activities contribute to society?a)By providing entertainmentb)By generating income and creating jobsc)By offering volunteer servicesd)By promoting leisure activitiesCorrect answer is option 'B'. Can you explain this answer?.
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