Question

Which are the important stages of economic evolution? Briefly explain any one.

Answer 1

1. Hunting and fishing stage

2. Pastoral stage

3. Agricultural stage

4. Handicraft stage

5. Barter system stage

6. Money economy stage

7. International trade stage.

Hunting and fishing stage :

1. During this stage man was a wopderer.

2. He moved in groups from one place to another.

3. Fishing was also carried out by them.

4. They lived in cover

5. No economic activity existed during this stage.