Economic Activities

After completing this lesson, student must be able to:

  • Explain about industrial and agricultural countries.
  • Explain the definition and important of  industry.
  • Explain the importance of international trade.
  • Write a information about economic planning.
  • Discuss about  poverty alleviation in Nepal.

Notes

Agriculture

Agriculture is the production of food or other materials by farming, both by planting crops and keeping animals. This note contains a description on Agriculture.

Industry

Industry is any business activity that is connected with production, manufacture and construction of goods and services. This note contains description on Industry.

Trade

Trade is known as the action of buying and selling goods and services. International trade enables us to earn this foreign currency, by selling our products. This note contains description of trade along with its type and importance.

Economic Planning

Economic planning is a mechanism for economic coordination contrasted with the market mechanism. This note contains description on how to carry out economic planning.

Poverty Alleviation and Employment Generation

Poverty refers to such an economic condition in which people lack income good enough to obtain their basic need of food, housing, health, education, etc. This note contains a description of Poverty Alleviation and Employment Generation.

Modern Agriculture System

Nepal is an agricultural country.More than 80 percent of the population is involved in agriculture.Agriculture is the main source of food, income, and employment of our country.

Commercialization of Agriculture

Commercialization of agriculture refers to adopting agriculture not only as a source of sustenance but also a source of income with truly or professional way applying more technologies and methodologies.

Role of Small, Medium and Large Scale Industries in Economic Development

The industries which have 30 million to 100 million rupees as a fixed capital is called medium scale industry.and the industries which have above 100 million rupees as a fixed capital are called large scale industries.