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

Identify the produced means of production factor from the picture.

Both labour and entrepreneur are human factors of production. Is there any difference between them? Explain any two such differences.

Identify the elasticity of supply for the following with proper reasoning:

Primitive and advanced technology.

Identify the factors of production of the following case and differentiate between them.

An active and passive factor of production.

Which of the following is not a correct match?

Identify the value of elasticity of supply for the supply curve OS and S₁S₂.

The picture above shows which factor of production.

Explain time utility with an example.

Name the factors of production.

Identify the elasticity of supply for the following with proper reasoning:

Short run and long run period.

Identify the elasticity of supply for the following with proper reasoning:

Perishable and durable goods.

Identify the elasticity of supply for the following with proper reasoning:

Nature of the entrepreneurs.

Justify the following in brief:

Division of labour encourages large-scale production.

Justify the following in brief:

Capital is an immobile factor in the short run.

State four factors which determine the efficiency of labour.

Which of the following is not a characteristic of land?

Identify the factors of production of the following case and differentiate between them.

Human factor of production with and without innovative capacity.

Which of the following is NOT a land? (Amenable to human control)

What do you mean by productivity of Land?

How would the following effect the productivity of Land?

1. Location
2. Investment on Land
3. Security of Tenancy