Correct option is D
The statement "Most use of Mathematics is done in the activities of Human life" applies to several domains. Let’s discuss the significance of Mathematics in both social and economic contexts:
(b) Social Use of Mathematics:
Mathematics plays a vital role in social contexts where logical reasoning and problem-solving are necessary for collaborative and communal activities. Examples include:
- Planning and Organization: Managing resources during events or community services.
- Communication: Statistical tools for understanding and addressing social issues like population density or literacy rates.
- Games and Recreation: Mathematical concepts are used in strategy-based games, helping to foster social interaction.
- Democracy and Voting: Calculations are used in electoral processes, like vote counting and understanding voting patterns.
(c) Economic Use of Mathematics:
Economics heavily relies on Mathematics to structure and analyze financial systems. Examples include:
- Trade and Commerce: Calculations for profit, loss, interest, and taxation.
- Budgeting: Personal and governmental financial planning involves mathematical forecasting.
- Market Analysis: Statistical models and graphs predict market trends and consumer behavior.
- Banking: Applications in interest rates, loan repayment schedules, and investments.
- Resource Management: Ensuring optimal allocation of resources through mathematical models.