Question

Mixed economy
Microeconomics
Ull economy
Positive analysis
Macroeconomics
Centrally planned economy
Normative analysis
1
Discuss the central problems of an economy.
2. What do you mean by the production possibilities of an economy?
3. What is a production possibility frontier?
4. Discuss the subject matter of economics.
5. Distinguish between a centrally planned economy and a market economy
What do you understand by positive economic analysis?
7. What do you understand by normative economic analysis?
s. Distinguish between microeconomics and macroeconomies.​

Answer 1

Answer:

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