The Value of Work Class 6 Extra Question Answers
If you’re searching for The Value of Work Class 6 Extra Question Answers, then your search ends here.
Q: What are economic activities?
A: Economic activities involve money or are performed in exchange for money or money’s worth. Examples include selling goods, providing professional services, or working in factories.
Q: Define non-economic activities.
A: Non-economic activities do not generate income or wealth but are done out of feelings like gratitude, love, care, and respect. Examples include parents cooking for family or helping children with schoolwork.
Q: What is “money’s worth”?
A: Money’s worth is the monetary value that a person places on an object based on the benefit they derive from it.
Q: What is a market in economic terms?
A: A market is a place where people engage in the exchange of goods and services, typically for money.
Q: What is a fee?
A: A fee is a payment made to a person or organization in exchange for professional advice or services, such as payments to doctors or lawyers.
Q: What is a salary?
A: A salary is a fixed regular payment, generally paid monthly by an employer to an employee.
Q: What is a wage?
A: A wage is a payment made by the employer to the worker for a specific period of time, often calculated hourly or daily.
Q: What is payment in kind?
A: Payment in kind is a non-cash payment received for work performed, such as goods or services instead of money.
Q: What is value addition?
A: Value addition is the process of adding value at each stage of transforming something into another form, such as turning wood into furniture.
Q: How does a carpenter add value to wood?
A: A carpenter adds value to wood by using their skill, time, and effort to transform it into furniture, which can be sold for more than the cost of the raw materials.
Q: What is seva?
A: Seva is selfless service, often seen in religious institutions like temples, gurudwaras, mosques, and churches.
