Question

Answer the question :
1 Define human wants?
2 What do you mean by national wealth?
3 Define money? What are its components in a modern economy?
4 What is an economy?
5 Why does economic problem arise?Briefly explain.
6 What do you mean by infrastructure? Explain the importance of infrastructure in the Indian economy?
7 Discuss the salient features of growth of railways in India? ​

Answer 1

Answer:

1 food ,shelter, and cloth

Answer 2

ᴅᴇꜰɪɴᴇ ᴇᴄᴏɴᴏᴍɪᴄꜱ

ᴇᴄᴏɴᴏᴍɪᴄ ꜱʏꜱᴛᴇᴍ ɪꜱ ᴛʜᴇ ᴍᴇᴀɴꜱ ʙʏ ᴡʜɪᴄʜ ᴄᴏᴜɴᴛʀɪᴇꜱ ᴀɴᴅ ɢᴏᴠᴇʀɴᴍᴇɴᴛꜱ ᴅɪꜱᴛʀɪʙᴜᴛᴇ ᴛʜᴇɪʀ ʀᴇꜱᴏᴜʀᴄᴇꜱ ᴀɴᴅ ᴛʀᴀᴅᴇ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ. ᴛʜᴇʏ ᴀʀᴇ ᴜꜱᴇᴅ ᴛᴏ ᴄᴏɴᴛʀᴏʟ ᴛʜᴇ ꜰɪᴠᴇ ꜰᴀᴄᴛᴏʀꜱ ᴏꜰ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ɪɴᴄʟᴜꜱɪᴠᴇ ᴏꜰ ʟᴀʙᴏᴜʀ, ᴄᴀᴘɪᴛᴀʟ, ᴇɴᴛʀᴇᴘʀᴇɴᴇᴜʀꜱ, ᴘʜʏꜱɪᴄᴀʟ ʀᴇꜱᴏᴜʀᴄᴇꜱ ᴀɴᴅ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ʀᴇꜱᴏᴜʀᴄᴇꜱ.

ᴅᴇꜰɪɴᴇ ʜᴜᴍᴀᴡᴀɴᴛꜱ

ᴀʟʟ ᴛʜᴇ ᴅᴇꜱɪʀᴇꜱ ᴀɴᴅ ᴀꜱᴘɪʀᴀᴛɪᴏɴꜱ ᴀɴᴅ ᴍᴏᴛɪᴠᴇꜱ ᴏꜰ ʜᴜᴍᴀɴꜱ ᴀʀᴇ ᴋɴᴏᴡɴ ᴀꜱ ʜᴜᴍᴀɴ ᴡᴀɴᴛꜱ ɪɴ ᴇᴄᴏɴᴏᴍɪᴄꜱ. ᴀɴᴅ ᴛʜᴇ ᴡᴀɴᴛꜱ ᴛʜᴀᴛ ᴄᴀɴ ʙᴇ ꜱᴀᴛɪꜱꜰɪᴇᴅ ᴡɪᴛʜ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ ᴏꜰ ᴀɴʏ ᴋɪɴᴅ ᴀʀᴇ ᴇᴄᴏɴᴏᴍɪᴄ ᴡᴀɴᴛꜱ. ʟɪᴋᴇ ꜰᴏʀ ᴇxᴀᴍᴘʟᴇ ꜰᴏᴏᴅ, ꜱʜᴇʟᴛᴇʀ, ᴄʟᴏᴛʜɪɴɢ, ᴇᴛᴄ ᴀʀᴇ ᴇᴄᴏɴᴏᴍɪᴄ ʜᴜᴍᴀɴ ᴡᴀɴᴛꜱ.

ᴅᴇꜰɪɴᴇ ᴍᴏɴᴇʏ

ᴍᴏɴᴇʏ ɪꜱ ᴀɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴜɴɪᴛ ᴛʜᴀᴛ ꜰᴜɴᴄᴛɪᴏɴꜱ ᴀꜱ ᴀ ɢᴇɴᴇʀᴀʟʟʏ ʀᴇᴄᴏɢɴɪᴢᴇᴅ ᴍᴇᴅɪᴜᴍ ᴏꜰ ᴇxᴄʜᴀɴɢᴇ ꜰᴏʀ ᴛʀᴀɴꜱᴀᴄᴛɪᴏɴᴀʟ ᴘᴜʀᴘᴏꜱᴇꜱ ɪɴ ᴀɴ ᴇᴄᴏɴᴏᴍʏ. ... ᴍᴏɴᴇʏ ᴏʀɪɢɪɴᴀᴛᴇꜱ ɪɴ ᴛʜᴇ ꜰᴏʀᴍ ᴏꜰ ᴀ ᴄᴏᴍᴍᴏᴅɪᴛʏ, ʜᴀᴠɪɴɢ ᴀ ᴘʜʏꜱɪᴄᴀʟ ᴘʀᴏᴘᴇʀᴛʏ ᴛᴏ ʙᴇ ᴀᴅᴏᴘᴛᴇᴅ ʙʏ ᴍᴀʀᴋᴇᴛ ᴘᴀʀᴛɪᴄɪᴘᴀɴᴛꜱ ᴀꜱ ᴀ ᴍᴇᴅɪᴜᴍ ᴏꜰ ᴇxᴄʜᴀɴɢᴇ

$good \: afternoon$