1)Why did the Aryans move from the Sapta Sindu Region to the Gangetic plains?
2) What according to Dadhabai Naoroji were the main reasons for the Drain Theory?
3)What are the rewards for the factors of production?
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Answers
Answer:
✧Hi✧
1)Why did the Aryans move from the Sapta Sindu Region to the Gangetic plains?
Ans]•) Increase in Population
•)In search of pasture for their cattle
•)In search of land for agriculture.
2)What according to Dadabhai Naoroji were the main reasons for the Drain Theory?
Ans)•)The British Officers in India were paid high salaries.
•)Goods made from Indian raw materials were sold at high prices.
•)The raw materials were brought by the British at low prices.
•)Indian wealth was robbed for expanding the British Empire.
•) Indian workers were treated slaves.
•)All agricultural and Industrial products were exported to England
3)What are the rewards for the factors of production?
Ans)a)Land-Rent
b)Labour-Wages
c) Capital-Interest
d) Entrepreneur-Profit/loss
✯Hope it helps u sis✯
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Answer:
1)From the Sapta Sindhu region, the Aryans migrated to the areas adjoining the Gangetic plain by clearing the forests. They started farming in the fields using iron ploughshares. With the expansion of agriculture, the Aryans were transformed into a settled society.
2)One of the reasons that the Drain theory is attributed to Naoroji is his decision to estimate the net national profit of India, and by extension, the effect that colonial rule had on the country. Through his work with economics, Naoroji sought to prove that Britain was draining money out of India.
3)When factors are used they earn a reward called a factor 'income'. Factor incomes are: rent, wages, interest and profit. In basic economic theory, the more scarce and essential the factor the greater the reward.
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