Q. 6
Explain the ancient Indian approach in terms of requirements.
Answer :
Ancient economy says that humans have unlimited needs and all the needs cannot be filled as means to fulfil human needs are limited when one need is fulfilled, other needs arise and when humans are unable to fulfil them, they become unhappy. It says that how much money a person can get, he can never be satisfied with that money as needs keep on arising, it is like stomach is filled after taking food, but desire to eat continuously, A person should create his livelihood through knowledge and hard work so that poverty and scarcity does not exist in society as needs cannot be fulfilled by poverty.
Rate this question :






















Explain the concept of Holistic Discretion (overall rationality)
Rajasthan Board - Social ScienceWrite the merits of mixed economy.
Rajasthan Board - Social ScienceWhat is economy activities? Explain with example.
Rajasthan Board - Social ScienceWhat is socialist economy?
Rajasthan Board - Social ScienceMention an example of producer and product.
Rajasthan Board - Social ScienceDefine consumption with example.
Rajasthan Board - Social ScienceMention the name of factors of production.
Rajasthan Board - Social ScienceHow is man presented in ancient Indian economic thought?
Rajasthan Board - Social ScienceWhich of the following is not the merit of the mixed economy?
Rajasthan Board - Social ScienceWhich economy gives the right to personal property?
Rajasthan Board - Social Science