(English Medium) ICSE Class 10 - CISCE Important Questions for Economic Applications

Explain three important stages of capital formation.

State Distinguish between the simple division of labour and complex division of labour?

State two factors that affect the productivity of the land.

The income earned by an entrepreneur is residual in nature. Explain.

What is the meaning of capital formation?

Use of high yielding variety of seeds of related to productivity of ______.

Which factor of production is not a hired factor?

The reward of an entrepreneur is in the nature of ______.

Which of the following types of capital gets exhausted after its use and gets embodied in the finished product?

Mention two differences between an entrepreneur and other factors of production.

What do you mean by 'innovative ability' of an entrepreneur?

Explain complex division of labour with the help of an example.

Define capital.

Explain any three characteristics of capital.

What do you understand by the term 'Capital formation'?

Explain any three factors which affect capital formation.

The Indian labour suffers from low efficiency. Explain your answer with three reasons for low efficiency of Indian labour.

What do you understand by ‘changing pattern of land use’? 

Explain any three such changes causing destruction to the ecosystem.

Identify the elasticity of supply (e_s) of S₁, S₂ and S₃ supply curves: