Question

1) Udhav purchased a new Machine for his farm by taking loun.​

Answer 1

Answer:

Solutions

Explanation:

Farm is a means of farmer and peasent worker

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Answer 2

Udhav purchased a new Machine for his farm by taking the loan. Here, in the above statement, two economic activities have been done.

EXPLANATION-

Firstly, taking a loan - Loan is the sum of money lent on certain interests by the bank or any other private parties.

Secondly, purchase made of machines from loan money - it is an investment made by a farmer for his business that involves agriculture practices.

This statement is a clear example of how the money channelizing is done by banks to every level of society. The bank is creating money through money by seeking interest on the loan money. Also, the money invested by the farmers on machinery is a second aspect of the society.

Conclusion- Every economic activity is a two-way process of goods and services within a market in different forms.

Learn more about what are economic activities- https://brainly.in/question/15891815