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The first chapter of Class 9 Economics is titled "The Story of Village Palampur". This chapter provides an introduction to the basic concepts of the production process, types of production and factors of production. It also introduces the idea of income and how it is generated in a rural economy.
The chapter begins with a brief introduction to the village of Palampur, which is used as an example to understand the various aspects of the production process. The chapter explains how Palampur is a typical Indian village with a diverse population engaged in different economic activities.
Next, the chapter discusses the various types of production, namely, farming, non-farming activities, and multiple cropping. It explains how each of these activities contributes to the overall economy of the village and the nation.
We will discuss till here in this part of the chapter.
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