TNSCERT 6 ECONOMICS UNIT 1
1. ECONOMICS - AN INTRODUCTION
- Consumer goods - finished goods from market to fulfil the daily needs of the consumers
- The permanent settlements near the rivers were called 'villages'
- Farmers or cultivators - who involved in farming and grazing
- Barter system - In olden days, people exchange goods for other goods but the problem is differences in the value of commodity
- eg : exchange a bag of rice for enough clothes
- For that, they invented a tool called money
PRIMARY ACTIVITIES
- concerned with the production of raw materials

- Gandhiji said, "the Villages are the backbone of our country"
- where raw materials converted into finished products
- Industries can be classified on the basis of raw material, capital and ownership
- On the basis of raw materials, the industries are classified as

- More than 50% of the world's populations lives in cities
- In Tamil Nadu, 47% of people are in cities
- Transport - roadways, railways, waterways, airways
- Communication - Post, Telephone, Information Technology etc..
- Trade - Procurement of goods, selling
- Banking - Money transactions, banking services

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