Principles of Economics - Describe the Kinds of Economic Systems What Are the Defects of Capitalism Describe

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PRINCIPLES OF ECONOMICS

1. Describe the basic assumptions of Economics.

2. Discuss the vital functions of an economy.

3. Write an essay on the features of capitalist economy.

4. Explain the various assumptions on which all demand schedules are prepared.

5. Write an essay on Localization of Industries.

6. Describe the kinds of price elasticity of demand.

Principles of Economics

1. Explain the advantages of Socialist Economy.

2. Explain the methods of measuring of Elasticity of Demand.

3. Describe the kinds of Economic Systems.

4. What are the defects of Capitalism? Describe.

5. Explain the factors governing price elasticity of demand.

6. Explain the characteristics of factors of production.

Principles of Economics

1. What are the kinds and vital functions of Economies? Examine its Central Problems?

2. Describe Capitalist Economy and its defects.

3. What are the allocations of resources in a Socialist Economy? Discuss its advantages.

4. Explain the features of a Mixed Economy. How are resources allocated in it and what are its defects?

5. Explain the individual and market demands curves.

6. Discuss the kinds of Price Elasticity of Demand. How are they measured?

Principles of Economics

1. Examine the defects of Capitalization in detail.

2. Explain measurement of Price Elasticity of Demand.

3. Discuss in detail Socialist Economy.

4. What are the vital functions of an Economy? Explain.

5. Explain the characteristic factors of production.

6. Write an essay on Income and Cross Elasticities of Demand

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