Practice Meaning of the Term 'Economy' - 1.2 | 1. Introduction to Economics | ICSE Class 9 Economics
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1.2 - Meaning of the Term 'Economy'

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is an economy?

💡 Hint: Think about how people make a living.

Question 2

Easy

Name one type of economy.

💡 Hint: Consider what types are based on primary activities.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What defines an economy?

  • A system for resource allocation
  • A financial institution
  • A trading platform

💡 Hint: Think about what an economy does overall.

Question 2

True or False: An agrarian economy relies on industries and factories.

  • True
  • False

💡 Hint: Recall the characteristics of different economies.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Consider how advancements in technology might shift the balance between agrarian and industrial economies. Discuss potential impacts.

💡 Hint: Think about how technology can change job markets and production processes.

Question 2

Evaluate a country that transitioned from agrarian to industrial. Discuss the socio-economic changes.

💡 Hint: Consider what happens when industries become the focus rather than farming.

Challenge and get performance evaluation