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

Briefly explain two methods that increase land productivity.

Distinguish between sunk capital and floating capital

Distinguish between an entrepreneur and an organiser.

Mention two factors that determine the supply of labour.

Explain four characteristics of land as a factor of production.

Explain three important stages of capital formation.

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

Why is the income of an entrepreneur residual in nature? Discuss any three functions of an entrepreneur.

A businessman stocks potatoes in the cold storage during the winter and releases that stock during summer. Will this be considered as production? Give a reason for your answer.

Mention two ways by which a worker benefits from the division of labour.

State any two factors that determine the Division of labour.

Mention two ways by which land differs from other factors of production.

State two factors that affect the productivity of the land.

Which of the following is considered as labour in economics? Give a reason to support your answer.

1. A professor working in a college.
2. A social worker serving in an orphanage.

What is the significance of Capital in promoting economic growth?

What is the land in Economics?

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

Discuss the risk-bearing functions of an entrepreneur.

(i) Define capital formation. 
(ii) Briefly discuss the process of capital formation.

Distinguish between Fixed capital and Circulating capital quoting suitable examples.