Economics - Concepts - Chapter 1 - Understanding Social Science - Understanding Society India and Beyond - Class 9

Transcript

55- Economics Money and resources 56- You have ₹100 — but want 3 things Burger — %80 Game recharge — %100 Notebook — %60 You have — %100 57- The basic economic problem This is the basic economic problem Wants are many - Resources are limited - So we must make choices. 58- What it studies Economics studies how individuals and societies use limited resources to meet their needs. 59- The shacks in action Shacks feed the tourists There are three decision- makers... 60- Decision-maker 1 → Producers Decision-maker 1 The shack owners PRODUCERS 61- Decision-maker 2 → Consumers ap Wes Decision-maker 2 The tourists 62- Decision-maker 3 → Government Decision-maker 3 Frames the policies | GOVERNMENT 63- India's story: once richest India's story Once one of the world's richest 64- India's story: colonial rule Then colonial rule Britain controlled India — economy fell behind 65- India's story: Independence 1947 India's story Independence in 1947 Rebuilding began 66- The challenge today Growth must reach everyone — not just the rich, but the poorest of the poor. 67- Sustainable development What if we use all the water today? Sustainable development = meeting today's needs without harming tomorrow's.