Related InterviewSolutions

• Clarify the merits and demerits of the socialist economy?
• Explain with an example how economy is a system of mutual cooperation among producers.
• How will you differentiate between the Indian Economy and the economy of a particular state as Rajasthan?
• Who propounded the concept of socialist economy in the world?
• What are the three ways of defining an economy?
• Economics is the science of study related with the: (a) Political activities. (b) Economic activities. (c) Recreational activities. (d) Diplomatic activities.
• This is not one of the factors of\ production: (a) Land. (b) Capital (c) Nature. (d) Labour.
• What do you understand by the socialist economy?
• Explain how ‘Economy is a system of livelihood’?
• What are the main factors of production?