NIOS FREE SOLVED ASSIGNMENTS SUBJECT NAME:- Economics (214) Solve Assignments 2019-2020


AMRIT SAH, Solve Assignments
Contact No.9085652867,8638447739 ECONOMICS(214)
TUTOR MARKED ASSIGNMENT

1.Answer any one of the following question in about 40-60 words.
(a) State one Principal difference between micro economics and macro economics.
Ans.:- One principal difference between micro economics and macro economics is that, Micro economics and deals with the economic decision making by individuals and institutions whereas Macro economics deals with economic aggregates at the level of the whole economy.


2.Answer any one of the following question in about 40-60 words.
(a) What is the role and significance of goods and services in an economy?

Ans.:- Goods and services have a multidimensional role to play in an economy. Their role can be stated in relation to Human wants:-
We studied that human wants are unlimited and they are also ever increasing. It means if the availability of different goods and services like clothes, shoes, furniture, utensils, television, scooter, fruits, vegetable, food grains and services  of doctor, plumber, electrician etc increases, it will satisfy more human wants.


3. Answer any one of the following questions in about 40-60 words.
(a) ‘How to produce is a complex problem for less developed countries like India. Explain How?
Ans.:- How to produce means using which techniques production should be done. It means through capital intensive or labour intensive, it is a complex problem for less developed countries like India because unemployment in India is more so it is hard to decide that which technique government should use to produce.  Labour intensive absorbs more labour hence it will reduce the problem of unemployment but it is low in efficiency while on the other hand capital intensive is high in efficiency but low in labour absorption hence it will create unemployment.


4.Answer any one of the following question in about 100-150 words.
(a) Explain the concept of positive and normative economics with illustrations.

Ans.:- Positive economics talks about “What is” where as normative economics talks about “What ought to be” or “what should be.” Positive economics talks about the things happening or might happen in the economic world. Normative economics gives value judgments about things and tells us to “What should have happened.” Consider the following statements.
i.)India’s population have crossed 100 crore mark. India is the second largest populated country in the world.
ii.)India should not allow its population to grow so fast. It must control its population.
Statement (i) describes a phenomenon which is happening. This is a positive statement.
Statement (ii) gives a value judgment on India’s population. This is a normative statement.

5. Answer any one of the following question in about 100-150 words.
(a) How can you solve the problem of our economy if more and more resources are constantly utilised?
Ans.:- If more and more resources are constantly utilised we solve the problem of our economy by deciding, for whom goods and services are to be produced? Who is to enjoy and get the benefit of the good and services produced? It is not possible to satisfy everyone’s want due to scarcity, so it must be decided to whose wants are to be satisfied.
Should the economy produce more of food crops or more of computers? Whose needs are to be addressed, the poorer people or the richer people? Should every body get equal share of the total goods and services produced, even if some people may need more than others? All these decisions refer to the distribution of income and wealth in the society.


AMRIT TUTORIALS  CONTACT NO.8638447739,
WHATSAAP NO.9085652867



Post a Comment

0 Comments