Commerce Exam > Commerce Videos > Economics Class 11 > Introduction - Simple Economy
Introduction - Simple Economy Video Lecture | Economics Class 11 - Commerce
|
75 videos|269 docs|46 tests
|
FAQs on Introduction - Simple Economy Video Lecture - Economics Class 11 - Commerce
| 1. What is a simple economy? |  |
Ans. A simple economy is a basic economic system where goods and services are exchanged directly without the use of money. This type of economy typically involves bartering and trade based on the value of goods or services.
| 2. How does a simple economy differ from a traditional economy? | |
Ans. A simple economy differs from a traditional economy in that it lacks a monetary system. In a traditional economy, money is used as a medium of exchange, while in a simple economy, goods and services are directly traded without the need for money.
| 3. What are the advantages of a simple economy? | |
Ans. Some advantages of a simple economy include reduced dependency on external factors such as inflation, stable prices for goods and services, and a stronger sense of community and cooperation among individuals.
| 4. What are the disadvantages of a simple economy? | |
Ans. Disadvantages of a simple economy can include the inefficiency of bartering, limited access to a wide variety of goods and services, and the potential for disputes over the value of traded items.
| 5. How can a simple economy transition to a more complex economic system? | |
Ans. A simple economy can transition to a more complex economic system by introducing a monetary system, developing infrastructure for trade, and establishing market mechanisms to facilitate exchanges. This transition can lead to increased efficiency and economic growth.
Related Exams
About this Video
|
4.95/5 Rating |
|
Nov 21, 2024 Last updated |
Video Description: Introduction - Simple Economy for Commerce 2024 is part of Economics Class 11 preparation.
The notes and questions for Introduction - Simple Economy have been prepared according to the Commerce exam syllabus.
Information about Introduction - Simple Economy covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Introduction - Simple Economy.
Introduction of Introduction - Simple Economy in English is available as part of our Economics Class 11 for Commerce & Introduction - Simple Economy in
Hindi for Economics Class 11 course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for Introduction - Simple Economy Video Lecture | Economics Class 11 - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Economics Class 11.
Information about Introduction - Simple Economy
Here you can find the meaning of Introduction - Simple Economy defined & explained in the simplest way possible.
Besides explaining types of Introduction - Simple Economy theory, EduRev gives you an ample number of questions to practice Introduction - Simple Economy tests,
examples and also practice Commerce tests.
|
75 videos|269 docs|46 tests
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Viva Questions
,Introduction - Simple Economy Video Lecture | Economics Class 11 - Commerce
,study material
,Previous Year Questions with Solutions
,MCQs
,Semester Notes
,Introduction - Simple Economy Video Lecture | Economics Class 11 - Commerce
,Summary
,shortcuts and tricks
,past year papers
,Objective type Questions
,Extra Questions
,Important questions
,practice quizzes
,Introduction - Simple Economy Video Lecture | Economics Class 11 - Commerce
,Exam
,video lectures
,ppt
,Sample Paper
,mock tests for examination
,Free
;
Study Introduction - Simple Economy on the App
Students of Commerce can study Introduction - Simple Economy alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Introduction - Simple Economy,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Introduction - Simple Economy is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup