Question

BASIC PROBLEMS OF AN ECONOMY
45
B. LONG ANSWER QUESTIONS
1. Define economy. State its economic problems
2. Discuss briefly the central problems of an economy.
Or
What are the basic problems of an economy ? Desobe any three such problems.
3.
What is meant by 'how to produce ? Explain how itt is solved in a tree economy.
How do the economic problems occur in different economic systems ?
5. Economic planning is the solution of all economic evills. Explain with examples.
6. What do you mean by economic planning ? Give its objectives
7. Explain the meaning of economic development and growth. Differentiate clearly.
8. Discuss the strategies of economic development.
9. Explain fully Rostow's stages of economic growth
10. Is the study of economic growth significant in modern world? How is it useful in economic
development ?​

Answer 1

Explanation:

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