INDIAN TOPICS

NATIONAL INCOME

National income is the total income of all the residents of the country. Thus, it is the total income of the country. It is considered to be one of the most important attributes for comparing the development of countries. National income is referred to as the total monetary value of all services and goods that are produced by a nation during a period of time. In other words, it is the sum of all the factor income that is generated during a production year. National income serves as an indicator of the nation’s economic activity.

TRADE

Trade refers to the voluntary exchange of goods or services between economic actors. Since transactions are consensual, trade is generally considered to benefit both parties. In finance, trading refers to purchasing and selling securities or other assets.

Trade may be denned as a repeated sequence of exchanges of goods; markets, as the economic institution created by regular trade between a multiplicity of traders. A looser use of the latter term is common in referring to the place or day for traders’ meetings, but this usage will be avoided.

INDUSTRY

AGRICULTURE

Agriculture is the art and science of cultivating the soil, growing crops, and raising livestock. It includes the preparation of plant and animal products for people to use and their distribution to markets.

Types of agriculture: Shifting Cultivation, Subsistence farming, Pastoralism, and Intensive farming are the four types of agriculture . 2 main types of agriculture? Currently, agriculture is divided into two different types, including industrialized agriculture and subsistence agriculture. Sectors related to agriculture include food and beverage manufacturing; food and beverage stores; food services and eating/drinking places; textiles, apparel, and leather products; and forestry and fishing.

MARKET

In economics, a market is a composition of systems, institutions, procedures, social relations, or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services to buyers in exchange for money.

A market is a physical form like a retail outlet, where the sellers and buyers can meet face-to-face, or in a virtual form like an online market, where there is an absence of direct physical contact between the buyers and sellers.