Wastes of competition are found in—
A dual system of pricing exists in—
One of the important features of capitalist economy is—
‘A government deficit will reduce unemployment and cause an increase in prices.’ This statement is—
Positive economics remains strictly neutral towards ends. This means that—
“During the boom periods when aggregate demand, national income and prices are high, entrepreneurs tend to make high profits”. This statement shows—
Social insurance, sickness benefits, old age pension, etc are some social benefits provided by—
In a capitalistic economy what to produce depends on—
The economy in which the government allows freedom of action of all economic units is essentially—
Which of the following is not correct about capitalistic system—
Which of the following is not the feature of socialist economy ?
Micro economics is also known as—
Economics is an art as—
Study of the problem of poverty denotes that economics is—
Framing suitable policies to solve inequalities of income denotes that economics is—
Study of unemployment problem and then framing suitable policies to reduce the extent of unemployment shows that economics is—
(i) Both a science and an art
(ii) Neither a science nor an art
(iii) Positive science
(iv) Normative science
Study of unemployment problem and then framing suitable policies to reduce the extent of unemployment shows that economics is a science, art and positive and normative in nature.
Study of unemployment is based on study of facts and data, this makes it a positive science. Framing suitable policies for the same is art as it is the practical application of knowledge and it is also a normative science as it suggests measure to make the situation desirable.
_____ economics explains cause and effect relationship between economic phenomena
Positive economics concerns .
Normative economics is in nature
Based on the following conversation
Ram : “Rise in prices of goods have made it difficult to make two ends meet”
Shyam : “Yes, the cost of cultivation too has increased very much”.
Raghu : “Government should take steps to curb the price rise and provide relief to common man”.
Bhola : “Yes, he government should deal strictly on hoarders and black marketers”.
Q. In the above conversation whose statements shows positive aspect of Economics?