SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Central Problems of an Economy
Central Problems of an Economy Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on Central Problems of an Economy Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What are the central problems of an economy? |  |
Ans. The central problems of an economy refer to the fundamental economic questions that arise due to scarcity of resources. These problems include what to produce, how to produce, and for whom to produce.
| 2. Why is the problem of scarcity important in an economy? | |
Ans. Scarcity is important in an economy because it creates a need for choices and trade-offs. Due to limited resources, societies must decide what goods and services to produce and how to allocate them efficiently.
| 3. How does the problem of allocation relate to the central problems of an economy? | |
Ans. The problem of allocation is a key aspect of the central problems of an economy. It involves determining how resources should be distributed among different uses and individuals, addressing the question of "for whom to produce."
| 4. How do the central problems of an economy impact economic growth? | |
Ans. The central problems of an economy can impact economic growth by influencing resource allocation, production decisions, and distribution of goods and services. Efficient solutions to these problems can promote growth, while inefficient solutions can hinder it.
| 5. What role do market mechanisms play in addressing the central problems of an economy? | |
Ans. Market mechanisms, such as supply and demand, prices, and competition, play a crucial role in addressing the central problems of an economy. They help determine what goods and services to produce, how to produce them, and who gets access to them based on consumer preferences and resource availability.
About this Video
|
5.6K Views |
|
4.85/5 Rating |
|
Dec 23, 2024 Last updated |
Video Description: Central Problems of an Economy for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Central Problems of an Economy have been prepared according to the SSC CGL exam syllabus.
Information about Central Problems of an Economy covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Central Problems of an Economy.
Introduction of Central Problems of an Economy in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Central Problems of an Economy in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Central Problems of an Economy Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Central Problems of an Economy
Here you can find the meaning of Central Problems of an Economy defined & explained in the simplest way possible.
Besides explaining types of Central Problems of an Economy theory, EduRev gives you an ample number of questions to practice Central Problems of an Economy tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Exam
,study material
,practice quizzes
,Central Problems of an Economy Video Lecture | SSC CGL Tier 2 - Study Material
,Semester Notes
,Previous Year
,Viva Questions
,Previous Year Questions with Solutions
,Online Tests
,Previous Year
,Online Tests
,mock tests for examination
,Free
,Important questions
,Central Problems of an Economy Video Lecture | SSC CGL Tier 2 - Study Material
,MCQs
,past year papers
,Extra Questions
,Sample Paper
,ppt
,shortcuts and tricks
,Central Problems of an Economy Video Lecture | SSC CGL Tier 2 - Study Material
,video lectures
,Summary
,Online Tests
,Objective type Questions
,Previous Year
;
Study Central Problems of an Economy on the App
Students of SSC CGL can study Central Problems of an Economy alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Central Problems of an 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 Central Problems of an Economy is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup