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Home /Doubts and Solutions/ICSE/Class 9/Economics/Basic Concepts Of Economics

Basic Concepts Of Economics Free Doubts and Solutions

ICSE - IX - Economics - Basic Concepts of Economics

Define the following: Capital Welfare

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ICSE - IX - Economics - Basic Concepts of Economics

What do you understand by the term wealth?

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ICSE - IX - Economics - Basic Concepts of Economics

Define the following terms: Value Price

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ICSE - IX - Economics - Basic Concepts of Economics

What does total utility mean?

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ICSE - IX - Economics - Basic Concepts of Economics

Explain in brief the forms of utility.

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ICSE - IX - Economics - Basic Concepts of Economics

Define utility.

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ICSE - IX - Economics - Basic Concepts of Economics

State one point of difference between the following: Economic and non-economic goods Material and non-material goods Consumer and producer goods Intermediate and final goods

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ICSE - IX - Economics - Basic Concepts of Economics

Differentiate between goods and services.

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ICSE - IX - Economics - Basic Concepts of Economics

Define goods. Classify goods on the basis of tangibility and price.

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ICSE - IX - Economics - Basic Concepts of Economics

Explain briefly the classification of human wants with a flow chart.  

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