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

Explain any three duties of a consumer.

Give two reasons as to why the division of labour is an advantage to the producer?

Why do small farmers suffer during inflation?

Define the term labour as a factor of production.

Explain any two characteristics of capital.

How is land different from labour?

Mention two ways by which efficiency of labour can be improved.

Give any five differences between product and process-based division of labour.

How does land differ from other factors of production with respect to its supply?

Identify the type of division of labour in an automobile industry. Explain.

Capital depreciates. Explain

Distinguish between fixed capital and floating capital.

Suggest three methods to improve the efficiency of Indian labour.

Discuss three ways by which an entrepreneur promotes economic growth.

With the help of a suitable example, explain the meaning of geographical or territorial division of labour.

State any two differences between an entrepreneur and other factors of production.

Mention two ways by which producers benefit from the division of labour.

Explain briefly two factors affecting the productivity of the land.

Define capital.

Differentiate the following with examples:

Money capital and sunk capital