Write short note Economics
Write short note Economics?
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Economics is the social science concerned with the problem of using scarce resources to attain the greatest fulfillment of society’s unlimited wants. Economics is a science of efficiency in the use of scarce resources. Efficiency requires full employment of available resources and full production.
1. Full employment means all available resources should be employed.
2. Full production means that employed resources are providing maximum satisfaction of our economic wants. If this is not so underemployment arises.
What are the criteria of issuing stocks or bonds?
What is the most important source of revenue and the major type of expenditure at the state level?
Explain the statements: The market system provides such a variety of desired goods and services precisely.
Question: Scenario: You have been hired as the economics adviser for the newly elected State Premier. On your first day, the Premier introduces you to the new Minister for Health
Illustrate the term Positive and Normative Economics?
I have a problem in economics on Circular flow model of the private sector. Please help me in the following question. The simple circular flow model of private sector doesn’t comprise: (i) Firms. (ii) Product markets. (iii) Government agencies.
What was rightward shift of PPC point out? Answer: It points out growth of the resources.
Give a brief introduction of the term net present value? Write down its admittable rules, their merits and demerits?
What are the reasons for change in expanded production possibilities with women?
Why entertainment tax comes in indirect tax? Answer: Since its burden can be shifted to others.
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