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MODEL PAPER 5 — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsMODEL PAPER 54 Marks
Question
What is migration? What are its costs and benefits?
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Answer

Migration is shifting of a person from one place to another with the intentions of settling, permanently or temporarily in a new location. The movement is often over long distances and from one country to another . When people migrate from one country to another country it is known as external migration, on the otherhand when people shift from one state to another state it is known as internal migration.
Costs of Migration:
a. It involves higher cost of living in migrated area.
b. It involves cost of transportation.
c. It involves psychological cost of living in a foreign culture.
Benefits of Migration:
a. Higher earnings
b. Better social status

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