Factors of Production — Economics STD 10 — Question

Entrepreneur is not labour even though there are human factors associated with the same business'. Explain.

State two characteristics of money.

Explain briefly the adverse impacts of demonetisation on Indian economy?

What is revenue expenditure? Give two examples.

Give two characteristic features of land as a factor of production.

State the impact of each of the following changes on the demand curve of a commodity:
(i) Increase in individual income
(ii) A rise in the price of the commodity
(iii) Increase in the supply of a substitute commodity
iv) Increase in the price of a complementary commodity

What is meant by food adulteration? Give an example. Mention two harmful effects of food adulteration. Name any one measure formulated to prevent the problem of food adulteration in India.

State whether the following statement is true or false. Give reason for your answer.
The capital like printing machines, tools when used in process of production are subject to depreciation

Distinguish between Internal and External Debt.

Explain two rights of a consumer. ### Explain any three rights of a consumer.