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Home /Doubts and Solutions/ICSE/Class 9/Economics Applications/Basic Economic Entities In An Economy

Basic Economic Entities In An Economy Free Doubts and Solutions

ICSE - IX - Economics Applications - Basic Economic Entities in an Economy

What is an economic system?

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ICSE - IX - Economics Applications - Basic Economic Entities in an Economy

Explain any three importances of producers in an economy.

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ICSE - IX - Economics Applications - Basic Economic Entities in an Economy

Explain the three classifications of a consumer.

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ICSE - IX - Economics Applications - Basic Economic Entities in an Economy

Explain the dual role played by households and firms in an economy.

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ICSE - IX - Economics Applications - Basic Economic Entities in an Economy

What is the dual role played by the government sector?  

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ICSE - IX - Economics Applications - Basic Economic Entities in an Economy

Explain the three basic economic entities of an economy.

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ICSE - IX - Economics Applications - Basic Economic Entities in an Economy

Define Economy. 

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ICSE - IX - Economics Applications - Basic Economic Entities in an Economy

What is meant by balance of payment?

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ICSE - IX - Economics Applications - Basic Economic Entities in an Economy

What is the fiscal policy?

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ICSE - IX - Economics Applications - Basic Economic Entities in an Economy

Money flows are opposite to real flows. Explain.

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