Principles of Economics

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Presentation transcript:

Principles of Economics

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?