Classify the market based on the competitions?

State Lionel Robbins definition of Economics?

What is Income?

What is Revenue?

Distinguish between nominal income and real income?

Define Environmental economics?

Write the Economics definition given by Paul Samuelson.

What is meant by 'Real Income'?

State Engel's law.

What is Benham definition of economics?

What is meant by price?

What do you mean by indifference map?

What is market demand?

What is indifference curve?

Mention few determinants of Elasticity of demand?

Define Price line?

What are the degrees of price elasticity of Demand?

State the meaning of 'wants' in Economics.

What does consumer's Equilibrium refer to?

What are the limitations of law of demand?

What do you mean by Iso quant?

What is meant by division of labour?

What is production function? What are its classification?

Mention the various types of Internal Economies of scale

List out the important external economies of scale.