Identify the incorrect pair in each set, correct it, and rewrite it.

1. (i) Service sector - Bank
(ii) Intellectual property - Trademark
(iii) Perishable commodity - Coal

2. (i) China - Socialist market economy
(ii) India - Capitalist market economy
(iii) Western European Countries - Welfare market economies



Answer :

Final answer:

Identify and correct the incorrect pair of economic sectors by substituting the perishable commodity 'Coal' with 'Flowers'.


Explanation:

Incorrect Pair:

  1. (iii) Perishable commodity - Coal

Corrected Pair:

  1. Perishable commodity - Flowers

Original:

  1. (i) Service sector - Bank
  2. (ii) Intellectual property - Trademark
  3. (iii) Perishable commodity - Coal

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