Geography · Textbook solutions

Introduction to Economics

Every solved example, exercise, and miscellaneous question — in the order the textbook teaches them. · 8 questions

Exercise

8 q
  1. Ex Q1
    Explain the types of economies by filling correct information in the place of questions in the circle. (The circle is divided into three sectors, one for each type of economy. Three of its twelve positions are already filled in - 'Management in private hands', 'India, Sweden and United Kingdom' and 'Achieving social welfare'; the remaining nine positions are marked '?'.)
  2. Give an explanation :
    Ex Q2(1)
    Economy begins at home.
  3. Ex Q2(2)
    India's economy is of mixed type.
  4. Ex Q2(3)
    On the basis of economies, we can divide countries into three groups.
  5. Write the following questions in one line:
    Ex Q3(1)
    To which economic factor is the management of individual or family finances related?
  6. Ex Q3(2)
    From which Greek word is the term 'Economics' derived?
  7. Ex Q3(3)
    In capitalistic economy, to whom does the ownership and management of means of production belong?
  8. Ex Q3(4)
    What do you mean by globalisation?