Meaning and Types of Markets — Economics STD 10 — Question

State two sources of Government revenue or income. ### What are the two sources of public revenue? ### Mention the sourecs of public revenue.

A mild inflation is beneficial for economic growth. Justify the statement.

Producers in a monopoly are price makers. Briefly explain.

State two differences between labour services provided by a surgeon and a farmer

Briefly explain any two merits of direct taxes.

Classify the following capital goods.
(i) Machines
(ii) Cotton yarn
(iii) Oil mill
(iv) Bridge

Explain the concept of GST.

Distinguish between normal goods and inferior goods.

State two reasons for consumer exploitation in India. ### Mention two causes of Consumer Exploitation.

Distinguish between revenue expenditure and capital expenditure