The Value of Work
CBSE · Class 6 · Social Science
Flashcards for The Value of Work — CBSE Class 6 Social Science. Quick Q&A cards covering key concepts, definitions, and formulas.
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What are economic activities?
Answer
Economic activities are those that involve money or are performed in exchange for money or money's worth for the parties involved. Examples include a business person selling goods, a farmer selling pr…
What are non-economic activities?
Answer
Non-economic activities are those that do not generate income or wealth but are done out of feelings like gratitude, love, care and respect. Examples include parents cooking for family, helping childr…
Give three examples of economic activities.
Answer
1. A lawyer arguing a case and earning a fee 2. A truck driver transporting goods and getting paid 3. Workers employed in a car manufacturing factory receiving wages…
Give three examples of non-economic activities.
Answer
1. Parents cooking food for the family 2. Youth taking care of grandparents 3. Family members helping in house renovation without payment…
What is a market?
Answer
A market is a place where people engage in the exchange of goods and services. People may exchange goods and services for other goods, but in most markets these are exchanged for money.
What is a fee?
Answer
A fee is a payment made to a person or organisation in exchange for professional advice or services. For example, a fee paid to a doctor or a lawyer for their services.
What is meant by 'money's worth'?
Answer
Money's worth is the monetary value that a person places on an object based on the benefit that they derive from it. It represents the value someone gets from something even if no actual money is exch…
What is a salary?
Answer
A salary is a fixed regular payment generally paid monthly by an employer to an employee for their work and services.
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
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