10th Class Social Science Lifelines of National Economy Lifelines of National Economy - Important Terms And Concepts

Lifelines of National Economy - Important Terms And Concepts

Category : 10th Class

 

Lifelines of National Economy

 

Important Terms And Concepts

 

  1. Balance of Trade. It is the difference between the total value of exports and imports of goods of a nation.

 

  1. Border Roads. These are roads constructed along the international frontier for maintaining the defence of the country.

 

  1. Communication. Exchange of ideas, emotions, messages, either written or oral, from one place to another all over the world.

 

  1. Exports. Goods dispatched/sent from one country to another.

 

  1. Golden Quadrilateral Super ways. Roads built for fast and uninterrupted traffic having four to six lanes connecting the four metropolitan cities of Delhi, Mumbai, Chennai and Kolkata.

 

  1. Harbour. A deep coast of sea where ships are anchored safely.

 

 

  1. Hinterland. An area served by a port.

 

  1. Imports. Goods brought into a country from other Countries

 

  1. International Trade. Trade carried on between countries.

 

  1. Mass Communication. The means of communication through which one can communicate with several people at the same time.

 

  1. National Highways. Roads connecting the capitals and the metropolitan cities of the country.

 

  1. Pipelines. A new means of transport for carrying oil and natural gas from the oilfields and refineries to far off places.

 

  1. Personal Communication. Communication between two or more persons at personal level.

 

  1. Port. A commercial part of a harbour where loading and unloading of goods takes place in ships.

 

  1. State Highways. Roads connecting the state capital with other major cities of the state.

 

  1. Trade. Exchange of goods and commodities between or among countries or within the country.

 

  1. Transport. A system by which goods and passengers are carried from one place to another.

 

 

Notes - Lifelines of National Economy - Important Terms And Concepts
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