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Concept Maps

Basic Concepts of Economics — Concept Maps

ICSE · Class 9 · Economic Applications

4 concept maps of Basic Concepts of Economics for ICSE Class 9 Economic Applications, each also written out as a text outline.

44 questions40 flashcards5 concepts

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An infographic illustrating the ten key characteristics of human wants, such as unlimited, complementary, substitutable, competitive, recurring, and differing in intensity, with simple icons or mini-s
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One of 8 illustrations for Basic Concepts of Economics in Super Tutor — alongside flashcards, concept maps and practice questions.

4 Concept Maps

Basic Concepts of Economics - Overview

Basic Concepts of Economics - Overview

The map in words

  • Economics Basic Concepts
    • Human Wants
      • Unlimited Nature
      • Primary Wants
        • Necessities
        • Efficiency Needs
      • Secondary Wants
        • Comforts
        • Luxuries
      • Characteristics
        • Complementary
        • Substitutable
        • Competitive
    • Goods and Services
      • Economic Goods
      • Free Goods
      • Material vs Services
      • Consumer vs Producer
      • Final vs Intermediate
    • Production
      • Factors
        • Land
        • Labor
        • Capital
        • Enterprise
      • Utility Creation
    • Market System
      • Price Mechanism
      • Demand Supply
      • Product Markets
      • Factor Markets
    • Money System
      • Currency
      • Bank Deposits
      • Functions
        • Medium Exchange
        • Store Value
        • Unit Account
    • Income Wealth
      • Personal Income
      • National Income
      • Saving
      • Investment

Basic Economic Concepts Overview

Basic Economic Concepts Overview

The map in words

  • Basic Economics
    • Human Wants
      • Unlimited
      • Competitive
      • Complementary
      • Primary Wants
        • Necessities
        • Efficiency
      • Secondary Wants
        • Comforts
        • Luxuries
    • Goods and Services
      • Economic Goods
      • Free Goods
      • Material Goods
      • Services
      • Consumer Goods
      • Producer Goods
    • Production
      • Land
      • Labour
      • Capital
      • Enterprise
      • Utility Creation
    • Market System
      • Price Formation
      • Demand Supply
      • Product Markets
      • Factor Markets
    • Money System
      • Medium Exchange
      • Measure Value
      • Store Value
      • Deferred Payment
    • Income Wealth
      • Personal Income
      • National Income
      • Saving
      • Investment
      • Capital Formation

Basic Economic Concepts Overview

Basic Economic Concepts Overview

The map in words

  • Basic Economic Concepts
    • Human Wants
      • Unlimited
      • Recurring
      • Complementary
      • Substitutable
      • Classification
        • Necessities
        • Comforts
        • Luxuries
    • Goods and Services
      • Economic Goods
      • Free Goods
      • Consumer Goods
      • Producer Goods
      • Material Goods
      • Services
    • Production
      • Land
      • Labour
      • Capital
      • Entrepreneur
    • Money
      • Medium of Exchange
      • Measure of Value
      • Store of Value
      • Standard of Payment
    • Markets
      • Product Markets
      • Factor Markets
      • Price Determination
      • Demand and Supply
    • Economic Flows
      • Income
      • Saving
      • Investment
      • Consumption

Basic Concepts of Economics

Basic Concepts of Economics

The map in words

  • Basic Concepts of Economics
    • Human Wants
    • Utility
    • Goods and Services
    • Consumption
    • Production
    • Factors of Production
    • Price and Market
    • Money

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Frequently Asked Questions

What are the important topics in Basic Concepts of Economics for ICSE Class 9 Economic Applications?
Key topics in Basic Concepts of Economics include Human Wants, Utility and Consumption, Goods and Services, Production and Factors of Production. Study these first, then practise questions on each for Class 9 exams.
What do the concept maps for Basic Concepts of Economics show?
The 4 maps show how the ideas in Basic Concepts of Economics connect: Basic Concepts of Economics - Overview; Basic Economic Concepts Overview. Each map is also written out as an outline on this page.
How should I revise Basic Concepts of Economics for Class 9 exams?
Learn the core ideas first, then work through the 44 practice questions on Basic Concepts of Economics. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Basic Concepts of Economics

All ICSE Class 9 Economic Applications Concept Maps

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