Principles of Economics

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Presentation transcript:

Principles of Economics

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.