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BASIS FOR COMPARISON	ECONOMICS	ECONOMY
Meaning	Economics is the science and art of decison making, regarding the use of scarce resources, under the conditions of scarcity, to attain maximum satisfaction.	When a country or a geographical region is defined in the context of its economic activities, it is known as economy or economic system.
What is it?	Theory and Principle	Practical Application of Economics
Determines	How human beings make decisions when there is scarcity of resources?	How resources are allocated among different members of society?
Focuses on	The way in which economic agents behave and interact and the way in which economies work.	The way in which country's economic affairs are organized and conducted.

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Does economics deals only with quantitative data or it also deals with qualitative data?

Posted by M.Pragathesh 2002 7 years, 8 months ago

CBSE > Class 11 > Economics

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All

Posted by Kshitiz Kumar 7 years, 8 months ago

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With

Posted by Pramesh Meshram 7 years, 8 months ago

CBSE > Class 11 > Economics

3 answers

Pramesh Meshram 7 years, 8 months ago

Sorry question pura ni likaya tha

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Pramesh Meshram 7 years, 8 months ago

Mujhse pura ans ni likaya tha

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Harsh Gulia 7 years, 8 months ago

With means saath

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Define normative economics

Posted by Naman Sinha 7 years, 8 months ago

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what is marginal opportunity cost

Posted by Joya Chatterjee 7 years, 8 months ago

CBSE > Class 11 > Economics

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Joya Chatterjee 7 years, 8 months ago

Thnx

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Murli Chaudhary 7 years, 8 months ago

It is an additional which can be received by consumption of one more extra unit. MU=∆TU/∆Q

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Project work

Posted by Pawan Prajapati 7 years, 8 months ago

CBSE > Class 11 > Economics

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What are the demerits of random sampling?

Posted by Amisha Sharma 7 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Abc Def 7 years, 8 months ago

It may not be true representative of the sample

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Characteristics of enterprenuer

Posted by K.Rema Mcgregor 7 years, 8 months ago

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Please give notes of INTRODUCTORY MICRO ECONIMICS CLASS 11

Posted by Vikas Kumar 7 years, 8 months ago

CBSE > Class 11 > Economics

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K.Rema Mcgregor 7 years, 8 months ago

Micro eco. Studies the economic relationship or economic problem at the level of an individual-an individua firm,household etc.

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what kind of information do we need to collect statistics in economics.

Posted by Rohit Jr 7 years, 8 months ago

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Hlo

Posted by Dhruv Sharma 7 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Joya Chatterjee 7 years, 8 months ago

Hii

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microeconomics and stastics

Posted by Harsh Sharma 7 years, 8 months ago

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What is an economy

Posted by Gungun Agrawal 7 years, 8 months ago

CBSE > Class 11 > Economics

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Joya Chatterjee 7 years, 8 months ago

Economy is the science of wealth and it deal with demand and supply of goods and service

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Give 5 points on NSSO (National sample survey organisation)

Posted by Deepti Patel 7 years, 8 months ago

CBSE > Class 11 > Economics

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What economic major can government take to reduce demand for commodity 'X' which is harmful for health

Posted by Harsh Sharma 7 years, 8 months ago

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Why scarcity is consider a biggest economic problem

Posted by Anirban Biswas 7 years, 8 months ago

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Ankita Yadav 7 years, 8 months ago

This is because wants of human beings are unlimited while the resources to satisfy these wants are limited . This gives rise to scarcity which acts as the biggest economic problem as all the wants are not satisfied to their full extent.

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Micro eco are based on partial equilitrium explain

Posted by Mohit Yadav 7 years, 8 months ago

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What is microeconomic ?

Posted by Anushka Rai 7 years, 8 months ago

CBSE > Class 11 > Economics

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Mahesh Kumawat 7 years, 8 months ago

Definition: Microeconomics is the study of individuals, households and firms' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues. Description: Microeconomic study deals with what choices people make, what factors influence their choices and how their decisions affect the goods markets by affecting the price, the supply and demand.

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I want to know the latest syllabus of class 11 2018-19 ....

Posted by Anushka Rai 7 years, 8 months ago

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who is the service provider

Posted by Bandana Nahak 7 years, 8 months ago

CBSE > Class 11 > Economics

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Deepti Verma 7 years, 8 months ago

Who provides us service in the exchange of money like maid gives us service in the form of doing our work as cleaning home for us in the exchange they takes money by us

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which is the best reference guide to follow in microeconomics

Posted by Kavya Kiran 7 years, 8 months ago

CBSE > Class 11 > Economics

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Deepti Verma 7 years, 8 months ago

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What is rational consumer

Posted by Uttkarsh Sharma 7 years, 8 months ago

CBSE > Class 11 > Economics

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Aashutosh Dangayach 7 years, 8 months ago

consumer who wants maximum satisfaction

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Kavya Kiran 7 years, 8 months ago

a Consumer who maximizes his satisfaction

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Mixed economy

Posted by Varun Ccc 7 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

M.Pragathesh 2002 7 years, 8 months ago

Public sector and private sector coexists

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Distinhuish between microeconomics and macroeconomics

Posted by Krishna Yadav 7 years, 8 months ago

CBSE > Class 11 > Economics

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Sakshi Sharma ??️??️??️ 7 years, 8 months ago

Microeconomics deals with economic issues related to small economic unit : an individual firm, an individual household or an individual consumer but macroeconomics deals with economic issues at the level of the economy as a whole.

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Explain the relationship between total utility and marginal utility.

Posted by Sakshi Sharma ??️??️??️ 7 years, 8 months ago

CBSE > Class 11 > Economics

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examine the important type of sampling. method

Posted by Yash Kumar 7 years, 8 months ago

CBSE > Class 11 > Economics

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Sakshi Sharma ??️??️??️ 7 years, 8 months ago

Simple Random Sampling: A simple random sample (SRS) of size n is produced by a scheme which ensures that each subgroup of the population of size n has an equal probability of being chosen as the sample. Stratified Random Sampling: Divide the population into "strata". There can be any number of these. Then choose a simple random sample from each stratum. Combine those into the overall sample. That is a stratified random sample. (Example: Church A has 600 women and 400 women as members. One way to get a stratified random sample of size 30 is to take a SRS of 18 women from the 600 women and another SRS of 12 men from the 400 men.) Multi-Stage Sampling: Sometimes the population is too large and scattered for it to be practical to make a list of the entire population from which to draw a SRS. For instance, when the a polling organization samples US voters, they do not do a SRS. Since voter lists are compiled by counties, they might first do a sample of the counties and then sample within the selected counties. This illustrates two stages. In some instances, they might use even more stages. At each stage, they might do a stratified random sample on ***, race, income level, or any other useful variable on which they could get information before sampling.

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Explain census of india and nsso

Posted by Garv Shrivastav 7 years, 8 months ago

CBSE > Class 11 > Economics