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Economies Uncovered

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Questions and Answers

Which of the following is the best definition of an economy?

A social domain that emphasizes the production and management of resources. (correct)

A system of trade and consumption of goods and services.

A social domain of interrelated human practices and transactions.

A set of processes that involve culture, education, and technological evolution.

What are the main factors that give context and set the conditions for an economy to function?

Culture, education, and technological evolution.

History, social organization, and political structure.

Legal systems and natural resources.

All of the above. (correct)

Who can be economic agents in an economy?

Only individuals.

Only businesses and organizations.

Only governments.

Individuals, businesses, organizations, and governments. (correct)

When do economic transactions occur?

When two groups or parties agree to the value or price of a transacted good or service. Signup and view all the answers

What is the relationship between the economic domain and other social domains?

The economic domain is a social domain of interrelated human practices and transactions. Signup and view all the answers

According to the NCERT Syllabus for Class 10 Economics, how many chapters is the syllabus divided into?

5 Signup and view all the answers

Who designs the syllabus for Class 10 Economics based on the guidelines of the National Curriculum Framework?

NCERT Signup and view all the answers

Why is it important for students to know the Class 10 Economics Syllabus?

All of the above Signup and view all the answers

What is the purpose of mapping out a study plan after examining the syllabus?

To allocate time for each chapter Signup and view all the answers

Where can students download the NCERT Class 10 Economics Syllabus in PDF format?

Byju's website Signup and view all the answers