Download App

Basic Concepts of Economics — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsBasic Concepts of Economics1 Mark
Question
Define the term production.
✓

Answer

  • Production means the process of creating utility in goods
    OR
  • Production means making something from other items for further use.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "[1 Mark Question Answer]" from Basic Concepts of Economics→Basic Concepts of Economics — all question types→Economics STD 9 question papers→ICSE Board STD 9 question papers→ICSE Board question paper generator→

Similar questions

What is economics all about?###What is economics?
→
Name three industrially backward states of India.
→
Name two activities which are associated with the tertiary sector.
→
Explain the term utility.
→
Define the term market as used in economics.
→
Who is known as the father of economics? Give the name of his famous book.
→
What do you mean by labour force?
→
Explain marginal utility.
→
What is the most common measure of unemployment?
→
What is head count ratio?
→