I.Com Part 1 Principles of Economics Chapter 1 Definition of Economics Short Question Preparation


11th Class Principles of Economics
Chapter 1 Definition of Economics Preparation

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11th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 1 "ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation "

Try The Short Questions For ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation

  • Total Questions10

  • Available Sets4

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Principles of Economics ( English Medium) - ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation

Question # 1

List down demerits of Marshall's definition of economics.

  • Ans 1: 1. It does not cover all economic problems
    2. The idea of welfare is not clear
    3. Non-measurable concept
    4. Classificatory definition
    5. Problems of liking and disliking arises.
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Prepare Complete Set Wise Questions For Chapter 1 "ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation "

ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 1

Question # 1

List down demerits of Marshall's definition of economics.

  • Ans 1: 1. It does not cover all economic problems
    2. The idea of welfare is not clear
    3. Non-measurable concept
    4. Classificatory definition
    5. Problems of liking and disliking arises.
Submit

ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 2

Question # 1

what is subject matter of Economics ?

  • Ans 1: All human activities, which are performed for production and distribution of goods and services to fulfil unlimited wants by limited resources are called subject matter of economics.
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ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 3

Question # 1

List down merits of Marshall's definition of economics.

  • Ans 1: 1. Science of human welfare.
    2. Better definition.
    3. To promote material welfare.
    4. Economics is a social science.
    5. Corresponds to modern economics
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ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 4

Question # 1

Define Economic Laws.

  • Ans 1: An economic law is a statement that certain course of action may be expected under certain conditions from the member of society. For example law of demand, law of supply etc.
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11th Class Principles of Economics Chapter 1 Preparation

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