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Introduction to Macro Economics-Three Marks

12th Standard EM

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Economics

Answer All The Questions:
Time : 01:00:00 Hrs
Total Marks : 30
    Part-A
    10 x 3 = 30
  1. Outline major demerits of capitalism.

  2. Write any two demerits of capitalism.

  3. Draw the Circular flow of income in a three sector economy.

  4. Explain any two merits of socialism.

  5. What are the demerits of mixed economy?

  6. What are the limitation of Macro Economics.

  7. Explain any three features of Capitalistic Economy.

  8. Bring out the functions of an economy with the help of flow chart.

  9. Describe the three models of circular flow of income.

  10. Indicate the demerits of Mixed Economy.

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