Text Solution
Verified by Experts
Topper's Solved these Questions
Similar Questions
Explore conceptually related problems
FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
- State two features of resources that give rise to an economic problem.
Text Solution
|
- Which type of science is economics?
Text Solution
|
- What is the basic reason for economic problem in all economies?
Text Solution
|
- What is meant by economising of resources?
Text Solution
|
- What is meant by central problem of an economy?
Text Solution
|
- What does a rightward shift of production possibility curve indicate?
Text Solution
|
- Give two examples of growth of resources.
Text Solution
|
- Give two examples of underutilisation of resources.
Text Solution
|
- Define Opportunity Cost.
Text Solution
|
- Give the meaning of 'Opportunity Cost'.
Text Solution
|
- Define Marginal Rate of Transformation (MRT).
Text Solution
|
- Why PPC is concave to the point of origin?
Text Solution
|
- Define microeconomics.
Text Solution
|
- Give the meaning of macroeconomics.
Text Solution
|
- Give one/two examples of microeconomics study.
Text Solution
|
- Name any three variables of microeconomics.
Text Solution
|
- Name any three variables of macroeconomics.
Text Solution
|
- State any two central problems under 'problem of allocation of resourc...
Text Solution
|
- The law of scarcity
Text Solution
|
- The central problem in economics is that of
Text Solution
|