(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Economics

How can we define the term 'market' in economics?

What is the legal definition of money?

Define the term public finance.

Explain the term elasticity of demand.

Define a market.

What is the meaning of inflation?

______ means a wish to have a commodity or source.

Which of the following statement is not true?

Choose the correct term for the given definition. 'An activity which creates an economic value'.

Identify the incorrect statement from the following:

A farmer in Punjab transports wheat from the farm to a flour mill. Is this activity considered as production? Why?

What do you mean by factors of production?

What are the four basic factors of production?

In economics demand and price have ______ relationship.

Following is an essential feature of supply:

Which one of the following is not a feature of supply?

Define the term market.

When is the demand for a good said to be elastic?

Define the term supply.

What is meant by elastic demand?