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NCERT solutions for Class 12 Economics Introductory Microeconomics chapter 1 - Introduction [Latest edition]

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Class 12 Economics Introductory Microeconomics - Shaalaa.com

Chapter 1: Introduction

Exercise

Exercise [Page 7]

NCERT solutions for Class 12 Economics Introductory Microeconomics Chapter 1 Introduction Exercise [Page 7]

Exercise | Q 1 | Page 7

Discuss the central problems of an economy.

Exercise | Q 2 | Page 7

What do you mean by the production possibilities of an economy?

Exercise | Q 3 | Page 7

What is a production possibility frontier? 

Exercise | Q 4 | Page 7

Discuss the subject matter of economics.

Exercise | Q 5 | Page 7

Distinguish between a centrally planned economy and a market economy.

Exercise | Q 6 | Page 7

What do you understand by positive economic analysis? 

Exercise | Q 7 | Page 7

What do you understand by normative economic analysis?

Exercise | Q 8 | Page 7

Distinguish between microeconomics and macroeconomics.

Chapter 1: Introduction

Exercise
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Class 12 Economics Introductory Microeconomics - Shaalaa.com

NCERT solutions for Class 12 Economics Introductory Microeconomics chapter 1 - Introduction

NCERT solutions for Class 12 Economics Introductory Microeconomics chapter 1 (Introduction) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the CBSE Class 12 Economics Introductory Microeconomics solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. NCERT textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Class 12 Economics Introductory Microeconomics chapter 1 Introduction are Understanding Economics - Adam Smith (Father of Economic), Understanding Economics - Dr Alfred Marshall, Understanding Economics - Lord Robbins, Understanding Economics - Prof Samuelson, Types of Economic System - Capitalism, Types of Economic System -socialism, Efficient Utilization of Resource, The Centrally Planned Economy, The Market Economy, Concepts of Production Possibility Frontier, Meaning of Micro and Macro Economics, A Simple Economy, What is an Economy?, Positive and Normative Economics, Central Problems of an Economy, Concept of Opportunity Cost, Meaning of Micro and Macro Economics, What is an Economy?, Positive and Normative Economics, Central Problems of an Economy, Concepts of Production Possibility Frontier, Concept of Opportunity Cost, Understanding Economics - Adam Smith (Father of Economic), Understanding Economics - Dr Alfred Marshall, Understanding Economics - Lord Robbins, Understanding Economics - Prof Samuelson, Types of Economic System - Capitalism, Types of Economic System -socialism, Efficient Utilization of Resource, A Simple Economy, The Centrally Planned Economy, The Market Economy.

Using NCERT Class 12 solutions Introduction exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in NCERT Solutions are important questions that can be asked in the final exam. Maximum students of CBSE Class 12 prefer NCERT Textbook Solutions to score more in exam.

Get the free view of chapter 1 Introduction Class 12 extra questions for Class 12 Economics Introductory Microeconomics and can use Shaalaa.com to keep it handy for your exam preparation

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