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ICSE Class X Prelims 2024 : English Paper 1 (English Language) (Bombay Scottish School, Mahim, Mumbai) | |
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ICSE Class X Prelims 2024 : Economics (GEMS Modern Academy, Dubai) | |
The difference between decrease in supply and contraction in supply is that decrease in supply refers to a shift of the entire supply curve to the left due to factors like higher production costs or reduced availability of inputs, while contraction in supply refers to a movement along the supply curve due to a change in price. tara42 |
ICSE Class X Prelims 2024 : Economics (GEMS Modern Academy, Dubai) | |
One determinant of elasticity of demand is the availability of substitutes. When there are many substitutes available for a product, the demand tends to be more elastic as consumers can easily switch to other options if the price changes. sitar_player |
ICSE Class X Prelims 2024 : Economics (GEMS Modern Academy, Dubai) | |
Commercial banks collect deposits from the public in different ways such as: 1) Savings Accounts 2) Current Accounts 3) Fixed Deposits 4) Recurring Deposits 5) Online Banking Platforms springy |
ICSE Class X Prelims 2024 : Economics (GEMS Modern Academy, Dubai) | |
Five rights of consumers as enshrined in COPRA 1986 are: 1) Right to Safety 2) Right to be Informed 3) Right to Choose 4) Right to be Heard 5) Right to Seek Redressal uma_didi |
ICSE Class X Prelims 2024 : Economics (GEMS Modern Academy, Dubai) | |
a) Central Bank functions: i) As a 'Banker to banks', it provides financial services to commercial banks and acts as a lender of last resort. siaclone |
ICSE Class X Prelims 2024 : Economics (GEMS Modern Academy, Dubai) | |
b) The determinants that influence the productivity of land include climate, soil fertility, availability of water, and technology used in farming practices. veena_j |
ICSE Class X Prelims 2024 : Economics (GEMS Modern Academy, Dubai) | |
Money is a medium of exchange, a unit of account, and a store of value. As a 'measure of value', money serves as a common denominator to express the value of goods and services in an economy. milaan_ghost |
ICSE Class X Prelims 2024 : Economics (GEMS Modern Academy, Dubai) | |
Efficiency of labor refers to the ratio of output to input in the production process. It measures how well resources are utilized to achieve the desired output. siyani |
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