Economic Problems and Economic Systems

Q.

What is the relationship between micro and macro enterprises?

Q. How is PQLI different from HDI?

Q.

What Is the Root Cause of Economic Problems?

Q.

Why Do Central Problems Arise? Discuss Briefly.

Q. Match the following types of economic systems as per the ownership of the means of production.

1. Private sectors
2. Both
3. Public sectors

Q. Today, countries like China and Cuba follow a strictly socialist economic system.

1. False
2. True

Q.

_______ Is The Root Of All Economic Problems. - Commerce Q&A

Q. What do you mean by an economic system?

1. A system that deals with the production of goods produced for self-consumption
2. A system that aims at promoting consumer awareness
3. A system that talks about the organisation and distribution of available resources in a country
4. A system or a framework that focuses on restructuring economic sectors

Q. Which of the following criteria is considered while classifying the economic systems?

1. The level of economic development
2. The ownership of means of production
3. The output of the economic sectors
4. The total production of the economy

Q. Which of the following are means of production?

1. Land
2. Banks
3. Labour
4. Education
5. Technology
6. Capital
7. Factories
8. Internet

Q. The ownership of the defines a particular economic system.

1. means of production
2. means of technology
3. means of education
4. means of transport

Q. In case of police states, the main function of the governments is to maintain and the country.

1. status quo
2. law and order
3. develop
4. defend

Q.

What Are the 3 Central Problems of an Economy?