Question

Q2 (A) Identify and explain the concepts ſany three) (6)
(1)Sanjay started a business of selling crackers before low
Weeks of Diwali​

Answer 1

Answer:

Concept- Time Utility

Explanation:

when utility of commodity - increases with change in its time utilization it is called time utility. The utility of Crackers will increase if they are distributed during the period of Diwali

Answer 2

• Diwali is a festival of lights.

• People celebrated by bursting crackers and exchanging sweets.
• The concept over here is about seasonal employment. Sanjay a small businessman for that Diwali is just a few weeks away and if he opens a crackers shop before Diwali he could make some money.
• Seasonal employment is a temporary job opportunity that comes around the same time every year. These jobs are done during certain times Of the year.