Grade 10 Exam > Grade 10 Videos > Crash Course for UAE Grade 10 > Lifelines of National Economy
Lifelines of National Economy Video Lecture | Crash Course for UAE Grade 10
FAQs on Lifelines of National Economy Video Lecture - Crash Course for UAE Grade 10
| 1. What are the different types of lifelines in a national economy? |  |
Ans. The different types of lifelines in a national economy include transportation, communication, and power supply. These lifelines are crucial for the smooth functioning and development of a country's economy.
| 2. How does transportation contribute to the national economy? | |
Ans. Transportation plays a vital role in the national economy by facilitating the movement of goods, people, and services. It enables the supply of raw materials to industries, distribution of finished products to consumers, and movement of workers to their workplaces. Efficient transportation systems help in reducing costs, improving trade, and boosting economic growth.
| 3. What is the significance of communication in the national economy? | |
Ans. Communication is essential for the national economy as it enables the exchange of information and ideas between individuals, businesses, and government institutions. It plays a crucial role in decision-making, coordination, and implementation of economic activities. Effective communication systems promote trade, investment, and innovation, thereby contributing to the overall growth of the economy.
| 4. How does power supply impact the national economy? | |
Ans. Power supply is a lifeline of the national economy as it fuels various sectors such as manufacturing, agriculture, services, and infrastructure. It ensures the functioning of industries, businesses, and households by providing electricity for production, lighting, heating, and other essential activities. Reliable and affordable power supply is crucial for economic development, attracting investments, and improving the quality of life.
| 5. What are the challenges faced by lifelines in a national economy? | |
Ans. Lifelines in a national economy face several challenges, including inadequate infrastructure, congestion, lack of maintenance, natural disasters, and technological obsolescence. These challenges can disrupt the smooth functioning of transportation, communication, and power supply systems, leading to economic losses and hindrance in the overall development of the country. Governments and stakeholders need to address these challenges through investments, policy reforms, and technological advancements.
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