We are confident that you will love to visit our site again because we are providing quality Economics Notes Class 10 for ICSE students that help students to achieve their goals.
Commercial Banks
A commercial bank is a financial institution which provides services such as accepting deposits, giving business loans, mortgage lending and basic investment products such as savings accounts and certificates of deposit. Read more
Elasticity of Demand
The elasticity of demand measures the responsiveness of the quantity demanded a good to a change in its price, price of other goods and changes in the consumer’s income. Read more
Public Revenue
Public revenue refers to the income or earnings of the government of any country. It is very significant for financing developmental programmes such as the construction of roads, railways, schools and hospitals. Read more
Meaning and Functions of Money
Money is a thing which is commonly accepted as a medium of exchange. Money is an instrument which serves as a medium of exchange, a measure of value, a store of value and a standard for deferred payments. Read more
Central Banking
A Central Bank is the apex bank which controls the entire banking system of a country. It has the sole authority to issue notes in that country. It also acts as a banker to the government and controls the supply of money in the country. Read more
Factors of Production
Factors which are used to carry out the process of production are called factors of production. In the modern economy, economists classified these factors into two categories. Read more
Theory of Supply
The supply of a commodity is the quantity of the commodity that producers desire to sell to consumers. Thus, it is the desired flow. It indicates how much firms are willing to sell per period of time and not how much they actually sell. Read more
Public Expenditure
Public expenditure is the expenditure incurred by the government of any nation. Any government incurs a large amount of expenditure for the welfare of the nation, for activities such as the development of roadways, education, irrigation systems and maintaining law and order. Read more
Inflation
Inflation is a sustained increase in aggregate price levels. It refers to a state of rising prices and not a state of high prices. The types of inflation observed in an economy are dependent on the rate of increase in the price levels. Read more
Consumer Awareness
Consumers’ consciousness of their rights and duties is known as consumer awareness. Consumers should be aware of their rights to ensure proper standards of goods and services they purchase. Read more
Elementary Theory of Demand
Demand for a good refers to the desire to buy a good backed with sufficient purchasing power and the willingness to spend. Individual demand for a commodity is the quantity of a commodity that an individual household is willing to buy at a particular price during a specific period. Read more
Meaning and Scope of Public Finance
Professor Dalton defined public finance as being connected with the income and expenditure of public authorities, with the adjustment of one to another. Tax revenue and non-tax revenue are the two sources of income. Read more
What is Public Debt?
When the planned expenditure of the government exceeds its total revenue, the government needs to borrow money from individuals and organizations. This is called public debt. Read more
Follow us