Define Macro Economics

Define the term ‘Inflation'.

What is meant by an ‘Economy’?

Classify the economies based on status of development.

What do you mean by Capitalism?

Define ‘Economic Model'.

‘Circular Flow of Income’ - Define.

What are the different models of circular flow of income?

What are the movements of Business Cycle?

What is Business Cycle?

Mention any two limitations of macroeconomics

Mention the classification of based on Level of National Income.

What are the major types of economic systems.

Mention the any three Capitalist Learning economies

Draw the chart depicting various systems of economy