Money is an item which is used as a medium of exchange. In modern economy, money is work as an intermediary. It is used as a medium of exchange for goods and services. It is also used for payment of debts.
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Those activities which generate some income are known as economic activities.
→ For example, a computer engineer creating software for profit is making money from his work.
• Division of Economic Activities:
→ Primary sectors: related to farming activities.
→ Secondary sectors: related to manufacturing.
→ Tertiary sector: provide support to other two sectors.
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Development promises a real growth by enhancing total income and standard of living of a person.
→ Different people have different development goals. The development goals are varying from people to people.
→ For example, a girl from a rich urban family gets as much freedom as her brother and is able to decide what she wants to do in life. She is able to pursue her studies abroad.
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Who are Pastoralists?
The goats, sheep or cattle farmers are known as Pastoralists.
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Who are Pastoralists?
The goats, sheep or cattle farmers are known as Pastoralists.
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• This chapter deals with the lives of peasants and farmers of three locations:
→ the small cottagers in England.
→ the wheat farmers of the USA.
→ the opium producers of Bengal.
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• Forest provide us many products which are of great importance.
• It supports a large variety of flora and fauna such as in Amazon forests or in the Western Ghats.
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Chapter Heading in the Pdf was misprint but the content is from CH-4
In the early years of the twentieth century, Germany waged the First World War (1914-1918) against the Austrian Empire and the Allies (England , France and Russia). Since of the fighting, all the wealth in Europe were exhausted. Germany also annexed France and Belgium. Unfortunately, however, the Allies, bolstered by the US entry in 1917, prevailed, crushing Germany and the Central Powers in November 1918. The National Assembly met in Weimar and established a democratic constitution with a federal structure. Members of the German Parliament is elected on the basis of fair and universal votes cast by all citizens, including women. Germany had lost its overseas colonies. The War Guilt Clause holds Germany responsible for the conflict and the loss suffered by the Allied nations. Throughout the 1920s, the Allied forces invaded Rhineland..
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The French Revolution opened up the possibility of creating a dramatic change in the way in which society was structured.
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