I'nge No.:
Date:
conce ntaatec ony 14 Conceotroes both
Eratilon
Dn the economic aspect economic 0s. well0s
0f aoy busineSS probleneconomic 0spects business
poblems.
UNII 2 Centxal Pooblems ot
Econbrnt
Ibexe four basic problems econoMy
lalhat to pmoduce ?
tlou to poduce?
wborn to poduce ?
iv. lhatE povisions Cit any) Qge to be made fox
economic g.4owth
JalHAI To PRODUCE 2
It Meters to the piblem of choice Of the
to be psoduced in an
making
good
These millions of goods to be paoducedin an
economy
example
i Capital goods ike mochinazy tractoz etc-
Consumer qoods like tooth pate egar etc.
time goods like gun. bomb etc-
Once theelection Qbout the
goods to be paodu
Lis made then the net poblem Qaise of bou
much to be
, Page No.:
Date:
HO TO PRODUCE 2
91efess poblenm 0f choice 4elated to
the
påtoducthioo techonloy
A
TheHe poductioa techAology
2 types
Laboux intensive techô logy
Capital intens0ve technology
labo intensive technology 1efess to tbe paoduction
techoic wbeye labou3 lesc capital is
Used
Capital intensie techno logy etexs to the podudoo
technic whene bnote capital gnd less labou
ued.
3: FOR alHOM TO PRODUCE ?
Apotbea mp0ziant decisioo whicb sOciets bas to
take foz wbom to _poduee ?'
A s0ciety cant
satizty each and evexsbedy want
the peaple The 1eto4e bas t0 dede
who shold how much Of the total output
andeHUiCU
goodi
4. aHAL PRONISION SHOULD BE MAO FOR ECONOMc
ROWrH?
A wOutdnit ike toe all its
CuHHent conRumptioo only Its bez
the cUTTe0t consumpio0
end p10vision u Made fo futuse production
the ocietqs poducion capaits would not inc rea
, MON 11t wED Th F AY uN Page No.:
Date:
This implies that incomes 03 gtandand of the
people Wold emain. atagnant, and io futuze
the luvels dedine.
Theve foHe A has to decide
ving
ElowL much
OCJety
may adually
s.aving and iOvestment Cie houmuch.
CUxTent consumphion) should be made tos futuxe pzoA
Economic Gystems. Its types
Th 4ee types of eCOMoMy
Capitalist economy (fxee masket ) Laissez faize)
Soialist Ccommond planned)
Mixed economy
CAPITALISI ECONOMy
iseconomc ystem in wbicb all means.
paoduchion owned and contsolled b private
Ëndividuals fox pOfit
Psivate propesty mainetay Chackbo0e) of capitalia
and PsOAi move is. ite dhixing foxce?
The goveznnent imited 0 l e in the
Fgement of the economic affaixs undex this ustem.
Cnexmany, Japan, MexicoSingapore
Fe atuieR Of Capitalist Cconomy
Right to paivate popexty
F1eedom to enienpaise
Faeedom of economic choice
Paofit motive
Consumnex sovereig nt4
Compehition.
Abesense 0f qovì inter fere ce.
Date:
conce ntaatec ony 14 Conceotroes both
Eratilon
Dn the economic aspect economic 0s. well0s
0f aoy busineSS probleneconomic 0spects business
poblems.
UNII 2 Centxal Pooblems ot
Econbrnt
Ibexe four basic problems econoMy
lalhat to pmoduce ?
tlou to poduce?
wborn to poduce ?
iv. lhatE povisions Cit any) Qge to be made fox
economic g.4owth
JalHAI To PRODUCE 2
It Meters to the piblem of choice Of the
to be psoduced in an
making
good
These millions of goods to be paoducedin an
economy
example
i Capital goods ike mochinazy tractoz etc-
Consumer qoods like tooth pate egar etc.
time goods like gun. bomb etc-
Once theelection Qbout the
goods to be paodu
Lis made then the net poblem Qaise of bou
much to be
, Page No.:
Date:
HO TO PRODUCE 2
91efess poblenm 0f choice 4elated to
the
påtoducthioo techonloy
A
TheHe poductioa techAology
2 types
Laboux intensive techô logy
Capital intens0ve technology
labo intensive technology 1efess to tbe paoduction
techoic wbeye labou3 lesc capital is
Used
Capital intensie techno logy etexs to the podudoo
technic whene bnote capital gnd less labou
ued.
3: FOR alHOM TO PRODUCE ?
Apotbea mp0ziant decisioo whicb sOciets bas to
take foz wbom to _poduee ?'
A s0ciety cant
satizty each and evexsbedy want
the peaple The 1eto4e bas t0 dede
who shold how much Of the total output
andeHUiCU
goodi
4. aHAL PRONISION SHOULD BE MAO FOR ECONOMc
ROWrH?
A wOutdnit ike toe all its
CuHHent conRumptioo only Its bez
the cUTTe0t consumpio0
end p10vision u Made fo futuse production
the ocietqs poducion capaits would not inc rea
, MON 11t wED Th F AY uN Page No.:
Date:
This implies that incomes 03 gtandand of the
people Wold emain. atagnant, and io futuze
the luvels dedine.
Theve foHe A has to decide
ving
ElowL much
OCJety
may adually
s.aving and iOvestment Cie houmuch.
CUxTent consumphion) should be made tos futuxe pzoA
Economic Gystems. Its types
Th 4ee types of eCOMoMy
Capitalist economy (fxee masket ) Laissez faize)
Soialist Ccommond planned)
Mixed economy
CAPITALISI ECONOMy
iseconomc ystem in wbicb all means.
paoduchion owned and contsolled b private
Ëndividuals fox pOfit
Psivate propesty mainetay Chackbo0e) of capitalia
and PsOAi move is. ite dhixing foxce?
The goveznnent imited 0 l e in the
Fgement of the economic affaixs undex this ustem.
Cnexmany, Japan, MexicoSingapore
Fe atuieR Of Capitalist Cconomy
Right to paivate popexty
F1eedom to enienpaise
Faeedom of economic choice
Paofit motive
Consumnex sovereig nt4
Compehition.
Abesense 0f qovì inter fere ce.
