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MIC RO ECONOMICS: PART- A
CHATER -O1
CNTRODUCTLON
1 mARKS]ANSUER THE EOLLOlINGL
buky socily has to fa scancity
iti thu cancity b esQUNCes hát gwts Hse to
thi fuol-tum ofchoic.
[Link] do you muam ly mlally lamna tbon
hu lcanony ,uhu thi gouLMnaeit DH the cuntubl
ulhonity fplans al thuinfuostant actiitia in
dhitontuy iealled aswntually planncol
a3hat is mánkt economy
ds economy uhwdhe economic decsioQs ae
takunthuouh tht maukeaechamiamit dlumand
duhhly i called as maHkd tconamy
ehat do yau muam iydtudis
positihou lhat
cuonomics 9
loaitin lconomie bhc
mechanisms funetiona n the teonoms o otheu
oudah dudy uhatis' amd' shat uas
nauthe qiunucumstancs is called fosie
feonomnics.
[Link] is NoHmatue econonics 2
Moumatise econprnLcsalludis thu 2Lchanáns
usnctiona
atudy 'uhat dhould be'a uhot ught to be
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is caleo nOnmiaiua taonomicA.
06. tyi th muaning < micno cconomcsp
icno eonamcsÝ dludisdhlehawbH
Lnauiaual cconomic agna
aqLnlu in thu manki fox
lleent qoooa and awicas
camhl lou naakit eonomy)
mankdonomy
[Link] aocsacombinationalow the
fuooulion fossibility Zuotin isdioste
comlinalion taying llau thu foduetion
ssiilily Juontusnhusdaundunemhloymi
V
09hat oloyou maa. y fuoaluclion
faibily
The couuction ! ol hosslle conmlsisaation4
th goala asa duuicathatcasn behuodud
fuom a giuen anmount HlsowHeesaol a
Guinn diock f tiehmslogiia knouldlg
talled theyuooictonposslitiby dt.
2 MARKSl AALSDER THE fOLLOlaING
01
uough iuhich hu dcance ADUNCA auL.
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fuionitizud (alocald) ano onganigd fan thu
uooucion ofgoocs amolduwics
ention thu cnthal fuoblma aM eeonomy
Jhe cemtsal huolms of
a. uat is Aocucol nan uhat quantties.
b. Kaw ave thuAL gooola huoolucc
c. tox whomau thee gccala froauced2
03hat u fuoduchon ossibility ZkonlnP
Jhe cunw uhuch dhos all hobte combinalon
an fuocluce wuth thi auailalte HuQwHsnd'
ginn tehaslony is caled auh fuoduction
hosubilit fontin.
Dhad is ohoulmity coat
hhonimity costlan lu ofnd a "thu cost
Duan to huoduce tha
good
S u also Knoun as the ohoHlunity cost et an
Gjantunity
costu also called as he economics Cost
05
isltinguisth Antuun hosutiwe amdl noumalue ceononic
Positiu tonomics Alouatisedconamics
lositw cconomics Nomaatiwe conomis dtudus
dtudishow tht thu mechanss Tuncliens
Mchanisms Jumelon. ollsinalle nat
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hostin scinca aleals witH Nomatic
louzatic dcimee deal
Heallsticasituation with idalestic. situation.
06.&stinguish letueen ieuo and macno eenomies
Miceo Econoacs lacHO Zonomics.
Mino ccononics Macn0economics dtiudis
duoie the tehauions
eninolual mite o thu conDmy asa uhole
uconomy
studis inidual Maco cconomis dtuoies
aemand,a fruice lwel total cthut, mploymunt
consum ele. aand ag9HLgat fici lwed cte
List t thelaseccconomic acliitis
Sh lascotconorisactiities anes
a Puoouetian
b. Consumpion
C Ditui luution
kehamge
[Link] oloyeu mean ay iced eeonomyi
etHe ademe alcisions
nafDuiant
loth thu gauuaat ano th
huuate stet4
ete
boample Snoa laituad Kngdom
Kung olom .Cyunomanyla