Notes on lesson on Economic Activities | kullabs.com

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

Patterns of Foreign Trade in Nepal

Patterns of trade refer to types/category of goods imported and exported. It is essential for the satisfaction of human needs/wants. This note has information about patterns of trade.

Trade Diversification in Nepal

The process of expanding trade or different items to different countries by not being limited only to specific goods and countries is called trade diversification.Many different factors can lead to trade diversificationTrade can be diversified in two ways they are : Regional or Country wise diversification Goods wise diversification

Trade Promotion and Marketing

Trade promotion means marketing efforts made for increasing the demand for products.It also refers to the advancement of trade into a higher level.It is the well-developed state or trade. This note has information about trade promotion and marketing.

Relation among Agriculture, Industry and Trade

Among many other countries, Nepal is an agricultural country where about 70%people are engaged for their livelihood .most of the raw materials are needed for industries are produced from agriculture sectors

Entrepreneurship

Entrepreneurship is the process of discovering new ways of combining resources. An entrepreneur is a person who invests for profit and is ready to face all the possible risks. Similarly, the act or activities performed by the entrepreneur is entrepreneurship. It is the process of designing, launching and running a new business.

Job Creation and Management

A group of homogeneous tasks related by similarity of functions is called a job. Every person needs a job for their fulfilled needs and wants and to increase their living standard too. This note has information about a

Labour

The effort of human beings to perform a particular task and produce good and services are called labour.The greatest important of labour in national development , its prime need is to train labours and produce in national need and opportunituties .