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Maharashtra State BoardSSC (English Medium) 10th Standard

Revision: Economy and Occupations Geography SSC (English Medium) 10th Standard Maharashtra State Board

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Definitions [1]

What is a balance of trade? 

The difference between the import and export values of a country in a particular period is known as the ‘balance of trade’.

Key Points

Key Points: Economic Activities in Brazil
  • India has a higher national income, but Brazil has a higher per capita income due to a smaller population.
  • Both India and Brazil are mixed, developing economies with growing service sectors.
  • Brazil is a major exporter of coffee and soybeans, grown mainly in Minas Gerais and São Paulo.
  • Brazil's eastern region is rich in minerals, but interior mining is limited by forests and inaccessibility.
  • Brazil has good fishing grounds along the South Atlantic coast, now using modern techniques.
Key Points: Economic Activities in India
  • Agriculture in India uses 60% of the land and supports a large part of the population.
  • India grows food crops like rice, wheat, and cash crops like sugarcane and cotton.
  • India is a top fish producer, with 60% from inland and 40% from marine sources.
  • Fishing is important in coastal states like Kerala, West Bengal, and Maharashtra.
  • India has rich minerals, mainly in the Chhota Nagpur Plateau, with coal, oil, and marble.
 
Key Points: Industries in Brazil
  • Major industries in Brazil include iron and steel, automobiles, petroleum, chemicals, and cement.
  • Technological industries are growing, but traditional industries still dominate.
  • Food-processing industries like sugar, textiles, and wool are well developed.
  • Most industries are located in the South and South-East regions.
  • The North-East is the poorest region, but is starting to attract new investments.
Key Points: Industries in India
  • Industries in India are unevenly distributed due to unequal availability of raw materials, power, and infrastructure.
  • Jharkhand, Odisha, Chhattisgarh, and nearby areas have many metallic mineral reserves, supporting heavy industries like steel.
  • Agro-based industries like cotton, jute, and sugar are located near raw material sources, while forest-based industries are found in forested regions.
  • Oil refineries are located both near oil-producing areas (e.g., Digboi, Koyali) and inland (e.g., Mathura, Barauni).
  • Industries like cement, salt, and consumer goods are located based on raw material availability and are concentrated around big cities.
Key Points: Trade in Brazil and India
  • India imports more than it exports, showing a negative balance of trade, while Brazil has a positive balance in most years.
  • India mainly exports tea, spices, textiles, and leather goods, while Brazil exports iron ore, coffee, sugar, and soybeans.
  • India’s major trading partners are the USA, UK, Japan, China, and Russia; Brazil trades with Germany, the USA, and Argentina.
  • BRICS (Brazil, Russia, India, China, South Africa) is a group of developing countries promoting trade and cooperation.
  • India and Brazil invest in each other’s sectors, like IT, energy, mining, automobiles, and agriculture.
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