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

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

Question # 1

Define Organization.

  • Ans 1: Organization is a person or group of persons, who combines the other three factors land, labour, capital and produce goods and services.
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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

Define Organization.

  • Ans 1: Organization is a person or group of persons, who combines the other three factors land, labour, capital and produce goods and services.
Submit

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

Question # 1

What is production of wealth ?

  • Ans 1: Wealth can be produced with the help of four factors of production land, labour, capital and organization.
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ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 3

Question # 1

What is positive science ?

  • Ans 1: In positive science the facts are observed, analyzed and accepted as they are Physics, chemistry and geography are the examples of positive science.
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ICOM Part 1 Economics English Medium Chapter 1 Short Questions Preparation - Set 4

Question # 1

Describe the definition of Economics by Classical School of Thought (Adam Smith).

  • Ans 1: According to Adam Smith, "Economics is the science which studies production distribution, consumption and exchange of wealth".
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11th Class Principles of Economics Chapter 1 Preparation

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