Inside Classroom…
KEEP THE MOBILE PHONES NO
CLASSROOM TO BE SCRIBBLING
CLEAN PLEASE SWITCHED OFF ON DESKS
By – Naavneet R Mishra (8448923125)
,Learning Objectives…
After Completing this chapter, students will be able to:
Define an economy.
Understand central problems of an economy.
Understand PPC and MOC
Make a schedule of PPC and diagram.
Understand the reasons for increasing MOC.
By – Naavneet R Mishra (8448923125)
,Economy…
An economy is a system which provides people with the means to work, and
earn a living.
In the words of A.J. Brown, “An economy is a
system by which people
get a living and satisfy
their wants”.
By - Naavneet R Mishra (8448923125)
, Economics is a Social Science…
Economics is a social science which studies the way a society chooses to use its
limited resources, which have alternate uses, to produce goods and
services and to distribute them among different
groups of people.
By - Naavneet R Mishra (8448923125)
KEEP THE MOBILE PHONES NO
CLASSROOM TO BE SCRIBBLING
CLEAN PLEASE SWITCHED OFF ON DESKS
By – Naavneet R Mishra (8448923125)
,Learning Objectives…
After Completing this chapter, students will be able to:
Define an economy.
Understand central problems of an economy.
Understand PPC and MOC
Make a schedule of PPC and diagram.
Understand the reasons for increasing MOC.
By – Naavneet R Mishra (8448923125)
,Economy…
An economy is a system which provides people with the means to work, and
earn a living.
In the words of A.J. Brown, “An economy is a
system by which people
get a living and satisfy
their wants”.
By - Naavneet R Mishra (8448923125)
, Economics is a Social Science…
Economics is a social science which studies the way a society chooses to use its
limited resources, which have alternate uses, to produce goods and
services and to distribute them among different
groups of people.
By - Naavneet R Mishra (8448923125)
