9th Class Economics Chapter 1 Short Questions English Medium

Question # 1

Write Important Features of Economcis.

Ans 1: Important features of the definition are given below:
1- Economics is gthe study of daily activities of mankind.
2- Economics deals with the making of material goods either individually or collectively It ignores non material things.
3- Economics is linked with only those economic activitis, which generate materail requistes of well being.
4- Economics studies the wealth of nations only becuse it helps to gain himan welfare.

Question # 2

What is Distribution of Wealth.

Ans 1: Wealth is distiuted among four factors of production in the form of rent weages,interest and profits, Rent is paid for land , wages for labour, intererst to capital and profits to organization.

Question # 3

Defination of Economics of Adam Smith.

Ans 1: Adam Smithis called the founder of economics, According to him "Economcis is a science of wealth". He wrote a book in 1776 named."An Enquiry into the Nature and Causes of Wealth of Nations. " Inhis book , Adam Smith explained economics as.
" A study of wealth conerning with the production, consumption, distribution and exchenge of wealth in the buman society."

Question # 4

What is Exchange of wealth.

Ans 1: It means an exchagne of wealth for one hand to another. When factors of production engaged themselves in an economic activity , individually or collectively, the consumptin of one becomes income of another thus, wealth moves among individuals pursuing their own self-interests.

Question # 5

The Correct Definiation of Economics.

Ans 1: The subject of economics is very old . At different times economists defined it differently on the basis of individual observation undr diffrent economc situation or circumstance.

Question # 6

What is Consumption of Wealth

Ans 1: It is that part of wealth with we spend on necessities of life.

Question # 7

Definitio Economics of Professor Robbins.

Ans 1: Lioned Robbins wrote the book named. "The Nature and Significnace of Economic Science " in 1932. According to him.
Ans 2: "Economics is the science which studies human behaviour as a relationship between multiple ends and scarce means which have alternative uses."

Question # 8

Define Economics

Ans 1: The word 'economics' is derived from a Greek wordl " Oikonomos" ,which means 'Houshold Management'.In the beginning, the subject of economics was related to the efforts of an individual hosehold management in which man tied to fulfill unlimited wants with limitd resorueces. Human material welfare is always the basic motive for these efforts.

Question # 9

What does material welfare menas.

Ans 1: Material welfare refers to the state or condition of well -being or prosperity, Primaril focused on material possessions, resources, and comforts, It encompasses the tangible aspects of lime such as access to basic necessities like food, shelter, clothig, as well as the ability to acquire goods and services that enhance quality of life. Material welfare is often measured by actors such as income levels, standard of living, access to health care and educationnnnn, employment opportunities,and overall economicstability.

Question # 10

What is Production of Wealth

Ans 1: Wealth is produced with the combined efforts of forur factors of production which are, land , Labour, capital and organization. It is called production of wealth.

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9th Class Economics Chapter 1 Short Questions and Answers English Medium

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Online Short Questions For Chapter 1 "9th Class English Medium Economics Chapter 1 "

Economics - 9th Class English Medium Economics Chapter 1

Write Important Features of Economcis.

What is Distribution of Wealth.

Defination of Economics of Adam Smith.

What is Exchange of wealth.

The Correct Definiation of Economics.

What is Consumption of Wealth

Definitio Economics of Professor Robbins.

Define Economics

What does material welfare menas.

What is Production of Wealth

Prepare Complete Set Wise Questions For Chapter 1 "9th Class English Medium Economics Chapter 1 "

Set 1

9th Class English Medium Economics Chapter 1 - Set 1

Write Important Features of Economcis.

What is Distribution of Wealth.

Defination of Economics of Adam Smith.

What is Exchange of wealth.

The Correct Definiation of Economics.

What is Consumption of Wealth

Definitio Economics of Professor Robbins.

Define Economics

What does material welfare menas.

What is Production of Wealth

9th Class English Medium Economics Chapter 1

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