'Economics is a study of wealth.' Discuss.

3

(a)

Critically analyze welfare definition of economics.

3

(a)

Problem of choice is unavoidable in the ordinary business of life. How?

3

(a)

Why do we need to study Economics?

3

(a)

Is economics an Art or Science? Give reasons.

3

(a)

Name the definition which has got maximum acceptability. Give this definition. Critically evaluate it.

3

(a)

Is Economics a positive science or a normative science? Explain.

3

(a)

What are the vital activities in an economy?

3

(a)

How do scarcity and choice go together?

3

(a)

Differentiate between economic and non economic activities.

3

(a)

Give some recent definitions of Economics.

3

(a)

Discuss the importance of Economics in your real life as a human being.

3

(a)

Economists are money minded people who are concerned with profits and profits only. Defend or refute. Justify your answer.

3

(a)