Question

ibution, S. Price
Very Short Answer Type Question
1. What do you mean by Economic Problem
2. What do you mean by Scarcity ?
3. Why does economic Problem arise ?
4. What is the problem of Selection ?
5. What do you mean by What is to be produced ?
6. How to Produced ? What do you mean by it?
7. Waht does the slope of the curve of opportunity cost show?
8. Give the definition of opportunity cost.
9. Give the definition of Marginal opportunity cost?
10. Write the meaning of Capitalistic economy.
11. Write the meaning of Socialistic economy.
12. Write the meaning of mixed economy.​

Answer 1

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