NCERT Solutions of Class 11 Micro Economics Ch-1 Introduction
Question 1:
Discuss the Central problems of an economy.
Question 2:
What do you mean by the production possibilities of an economy?
Question 3:
What is a production possibility frontier?
Question 4:
Discuss the subject matter of economics.
Question 5:
Distinguish between a centrally planned economy and a market economy.
Question 6:
What do you understand by positive economic analysis?
Question 7:
What do you understand by normative economic analysis?
Question 8:
Distinguish between Microeconomics and Macroeconomics.