Economics

ICSE Class 10 Economics Applications (Projects). ICSE Class 10 Economics Board Project: Evaluation Criteria Here are the criteria for Evaluation, when assessing the project for ICSE Class 10 Economics projects. Preparation of the material Procedure followed Observation of the various facts Inferences drawn Style of Presentation Instructions: Economics Board Project Index is important.Write Acknowledgement and […]

ECONOMIC APPLICATIONS: ICSE Class IX Aims: To familiarize students with the basic concepts of economics and economic phenomenon. To develop their analytical skills. To provide students with hands-on-experience in analyzing economic problems that they normally come across. There will be one theory paper of two hours duration of 100 marks and Internal Assessment of 100 […]

The best piece of financial advice was given to me by my professor of Economics. Situation 1: It is late night and you are walking home from office after a long and tiring day. You are thirsty but your water bottle is empty. Your house is still far and you know that if you don’t […]

India is a lower middle-income country situated in South Asia that has been growing at over 5 per event per annum since 1991. Here we take a look at India’s growth story and the problems its economy faces. India became an independent country in 1947. It was a British colony for over 200 years. The […]

Class X project: Products for which demand is price inelastic and price elastic Question: Make a list of products for which you think demand is price inelastic and price elastic. Specify the reasons you may think relevant for your analysis. Here’s what to write in the project: Start with an introduction talking about elasticity of […]

The annual Union Budget informs how the government is going to spend money in various sectors in order to boost growth of the nation. M.Com Economics Project / Assignment From Economics Department: For your Economics assignment, please note the following: 1. Only l newspaper item need to be selected for the assignment. 2. Instructions already […]

The New Economic Policy of India policy was introduced in 1991 by the P. V. Narasimha Rao government, which exposed the India Economy to the global world for the first time. Also referred to as the LPG Model of growth, The New Economic Policy of 1991 has brought changes in various sectors of the Indian […]

Price control mechanisms explained. Pros and cons of Price Ceiling & Price Floor. Introduction A country’s standard of living depends on its ability to efficiently produce goods and services, and in general, trade is considered good and is always encouraged as it has the potential to make everybody better-off. In any market, there are buyers […]

Types of Market Structure Monopoly In Monopoly market structure, only one firm dominates the market with no reasonable substitute available to buyers. Because there is no competition, this gives the firm a lot of power over the price that they can charge. Having said that, the revenue of the company will depend on what kind […]

GDP (Gross Domestic Product) is a term used by economics to measure the economic health of a nation. It provides information of the monetary value of all finished goods and services within a specific time frame, usually a quarter or annually. However, GDP has certain boundaries as it does not calculate elements such as economic […]

Question: Take a case of five FMCGs – fast moving consumer goods – bathing soaps, toothpastes, facial creams, shampoos, ball pens. Analyze as to how the market for these products is characterised by product differentiation. HINTS Market for all these consumer goods is characterised by product differentiation in view of these goods being produced under […]

Question: Develop a hypothetical table of information for coffee that shows quantity demanded at various prices and supply of coffee at these prices. Draw a demand curve and supply curve and show an equilibrium price at which market is cleared of its supplies. So how to do this project? Here’s what you can cover in […]

Objectives: After going through the material/ unit you will be able to: 1. Define the term ‘Market Structure’. 2. State the Elements of Market structure. 3. Explain the Determinants of Market Structure. 4. Classify various Forms of Market Structure. 5. Explain the features/Characteristics of Perfect, Monopoly, Monopolistic and Monopsony forms of market.   Task: (a) […]

Case Study: Make a visit to your local market or your surrounding area to do a research on any person or business you think is a part of the unorganized sector and find details about the following: Visit to Dharavi, home to the biggest community of idol-makers (Kumbhar community), whose main occupation is making idols. […]

Meaning of organised and unorganised sectors. In the Organised sector, businesses have appropriate authority, are governed by various Acts and stricktly follow the relevant rules and regulations. Workers get monthly salaries and other benefits. Unorganised sector comprises of small scale enterprises that are not registered with the government and are not governed by any Acts. […]

On the basis of the various economic activities in which the workers are engaged in, Indian economy can be divided into the following: Primary Sector: Activities are based on natural resources. Farming, livestock rearing, fishing, quarrying, forestry, etc. are primary activities in this sector. Secondary Sector: Also known as the industrial sector, natural products (obtained […]

Projects and assignments on Product Differentiation for ICSE Class 10 and other school students. Introduction The markets are more crowded than ever, and customers are overwhelmed with too many choices when it comes to buying products. That is why standing out from the competition has become crucial for businesses with a long-term vision. There are […]

Palampur is a hypothetical village where farming is the main activity. Palampur is well- connected with neighbouring villages and towns. Many kinds of transport are visible in Palampur. This village has about 450 families belonging to several different castes. Most of the houses have electric connections. Palampur has two primary schools and one high school. […]