Question

$\huge\boxed{\fcolorbox{cyan}{orange}{❥ Conceptual Question}}$

1. Define economics as given by P.A.Samuelson.

2. State three difference between micro economics and macro economics.


3.Why girl's in India are not safe?



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Answer 1

the girls are not safe in India

I’m proud of the beauty and ancient culture of our country, India. I’m not proud of the fact that in a recent Thomson Reuters Foundation survey, India has been described as the most dangerous country in the world for women. In 2011, when a similar poll was last conducted, India ranked 4th, behind Afghanistan, the Democratic Republic of the Congo, and Pakistan.

Answer 2

1. According to Samuelson, “Economics is the study of how people and society choose, with or without the use of money, to employ scarce productive resources which could have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future among various persons and groups of society.”

2. Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments.

Microeconomics focuses on supply and demand, and other forces that determine price levels, making it a bottom-up approach.

Macroeconomics takes a top-down approach and looks at the economy as a whole, trying to determine its course and nature.

3. It was a December in 2012 that as a society, as a nation we had prolonged, painful discussions on women’s safety, on बलात्कार on the attitudes of men. It was like a churning. The गैंगरेप and murder of the woman called “Nirbhaya” or fearless by sections of the media, opened our hearts and minds to the horror of the violence, to our own prejudices, to the state of women in India.

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