Principles of Economics

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Assignments of One Year Executive MBA

                                         Semester - I           

Total Marks :100

1.     Students are requested to go through the instructions carefully.

2.     The Assignment is a part of the internal assessment.

3.     Marks will be awarded for each Assignment, which will be added to the total marks. Assignments carry equal marks.

4.     Assignments should submit in your 'portal' on/before the 'completion date' mentioned.

 

          Principles of Economics

Question : Describe the basic assumptions of Economics?

Answer : Economics:- Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production, distribution and consumption of goods and services in an exchange economy. ['Political economy' was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social sciences.

Economics focuses on the behavior and interactions of

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