Using mnemonic techniques or memory aids can be an effective way to remember economic formulas and concepts in CBSE Class 10 Economics. Mnemonics are memory devices that help in encoding and recalling information by creating associations and connections. Here are some mnemonic techniques that can be used to remember economic formulas and concepts:


Creating acronyms is a popular mnemonic technique. By forming a word or phrase using the first letter of each formula or concept, you can create an easy-to-remember acronym. For example, to remember the factors of production (land, labor, capital, and entrepreneurship), you can create the acronym "LLCE," which stands for "Land Labor Capital Entrepreneurship."


Visual imagery involves creating mental pictures or images that represent the formulas or concepts. For example, to remember the formula for calculating Gross Domestic Product (GDP) as GDP = C + I + G + (X - M), you can visualize a shopping cart (C), a factory (I), a government building (G), and two arrows representing exports (X) and imports (M) pointing in opposite directions.


Creating stories or narratives around economic formulas and concepts can help in remembering them. By associating the formulas with a memorable story, you can recall the information more easily. For example, to remember the concept of inflation, you can create a story about a balloon (representing prices) that keeps inflating and getting bigger.


Rhymes and songs can be used to create memorable phrases or tunes that represent economic formulas or concepts. By setting the information to a catchy rhythm or tune, it becomes easier to remember. For example, you can create a rhyme or song for the formula for calculating Simple Interest (SI) as SI = P x R x T.


Mind maps are visual representations of information that help in organizing and connecting related concepts. By creating a mind map for economic formulas and concepts, you can visually see the relationships between different ideas, making it easier to recall them.

Using mnemonic techniques in combination with regular practice and revision can significantly improve your ability to remember economic formulas and concepts. Experiment with different techniques to find the ones that work best for you and make the learning process more enjoyable and effective.