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12th Standard English Medium Economics Subject Introduction to Macro Economics Creative 2 Mark Questions with Solution Part - I updated Creative Questions

Published on: 13/05/2022

QB365 provides detailed and simple solution for every Creative Questions in class 12 Economics Subject. It will helps to get more idea about question pattern in every Creative questions with solution.

latest Creative Questions

Download Tamil Nadu 12th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

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Std: 12th Standard - Economics

chapter: - Creative Questions

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Questions:

Generic 2

5 x 2 = 10

Draw the chart depicting various systems of economy

Write a short note on firm sector of circular flow of national income.

Draw the diagram for Circular flow of income in a Two-sector economy

What are the merits of Mixed Economy?

What is Globalism?

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Answers Key:

Generic 2

5 x 2 = 10

(i) The firm sector generates its revenue by selling goods and services to the household sector
(ii) It hires the factors of production, i.e., land, labour, capital and organisation, owned by the household sector.
(iii) The firm sector sells the entire output to households.

(i) Rapid Economic Growth
(ii) Balanced Economic Growth
(iii) Economic Equality
(iv) Proper Utilization of Resources
(v) Special Advantages to the Society

Globalism : An economic system where the economic activities of a nation are inter connected and inter dependent on each other nation.