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Differentiate between capital and capital formation.
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State three factors on which production depends.
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'Land is the original source of all material wealth' in this context explain four determinants that influence the productivity of land.
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Explain the following characteristic of labour:
Labour can improve its efficiency.
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Explain the following characteristic of labour:
Labour is perishable.
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Define the term Industrialisation.
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Draw a demand curve with the help of a hypothetical individual demand schedule.
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If commodity X and Y are substitutes, increase in price of X will affect demand of Y how?
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Explain any three problems of public sector undertakings in India.
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Prepare a hypothetical market demand schedule and draw a market demand curve based on it.
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Identify the most efficient student:
| Name of the student |
No. of projects completed |
Quality of projects | Time taken (in days) |
| P | 5 | Average | 4 |
| Q | 5 | Very good | 4 |
| R | 5 | Very good | 7 |
| S | 6 | Poor | 3 |
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Demand schedule is a list of prices and quantities.
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From the following data regarding individual demand schedules of households A, B and market demand schedule, what will be the values of (i) and (ii) (Assuming that there are only 2 households in the market).
| Price (in ₹) | Individual Demand (units) | Market demand (units) | ||
| A | B | C | ||
| 7 | (i) | 16 | 15 | 51 |
| 8 | 18 | 15 | (ii) | 46 |
| 9 | 16 | 12 | 11 | 39 |
| 10 | 13 | 10 | 9 | 32 |
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What will be the values of (i) and (ii)?
| Price (in ₹) | Quantity Demanded by | Total Demand | ||
| A | B | C | ||
| 10 | 30 | (i) | 12 | 52 |
| 20 | 20 | 8 | 9 | 37 |
| 30 | 10 | 6 | (ii) | 22 |
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From the given demand schedule, what will be the effect on demand curve.
| Price in (₹) | Demand (units) |
| 20 | 100 |
| 20 | 70 |
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Individual demand is a demand by a single buyer.
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The graphical representation of total demand in an economy y is a ______.
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Mention one problem faced by public sector units in India.
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Explain how an improper price policy results in the poor performance of the public sector enterprises.
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Construct a demand schedule showing relationship between price and quantity demanded.
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