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

Identify what type of capital is it?

The process of adding to the stock of capital over time is capital formation.

Is a multiple use power generating machine owned by a factory, sunk capital or floating capital? Give two arguments to support of your answer.

Justify the following in brief:

Capital is an immobile factor in the short run.

Discuss three ways by which an entrepreneur promotes economic growth.

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

Distinguish between an entrepreneur and an organiser.

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

'One of the most important functions of an entrepreneur is to bear the risk associated with the business'. Explain the statement.

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

The picture above shows which factor of production.

Which market supplies homogeneous products?

The market structure which is characterized by a single producer of a commodity and when there are no close substitutes for that commodity is ______.

Monopsony is a market where the ______.

Discuss any two features of a monopolistically competitive market.

What do you mean by price discrimination?

Which two forms of market earn normal profit in the long run?

Identify the market having a single buyer and many sellers from the following:

When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.

Non-price competition is ______.