NCERT QUESTIONS Q.1:- Discuss the central problems of an economy. Ans. Every economy faces three
NCERT QUESTIONS AND ANSWERS Q.1 :- What do you mean by budget set of consumer?
NCERT QUESTIONS AND ANSWERS 1.Explain the concept of a production function. Ans Production function shows
NCERT QUESTIONS AND ANSWERS 1.Explain market equilibrium. Ans. Market equilibrium is also known as market
NCERT QUESTIONS AND ANSWERS 1.What are the characteristics of a perfectly competitive market? Ans A perfectly