Download App

Introduction of Micro-Economics — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsIntroduction of Micro-Economics1 Mark
Question
Why does an economic problem arise?
OR
What gives rise to an economic problem?

OR
Why does the problem of choice arise?
✓

Answer

If we are not able to satisfy unlimited wants out of limited resources then the economic problem arises.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Introduction of Micro-Economics→Introduction of Micro-Economics — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

In which market form is there product differentiation?
→
Price Elasticity of Supply is $0.8$. Is the supply elastic or inelastic and why?
→
What is price-maker firm?
→
Define perfect competition.
→
A teacher is getting ₹ 6,000 per month as salary. If he leaves the job and starts tuition work, he is expected to earn ₹ 5,000 per month. What would be his opportunity cost?
→
What do you mean by shut-down point?
→
What are the shapes of AR and MR curves under monopoly and monopolistic competition?
→
Explain the effect of cost saving technological progress on supply of a commodity.
→
Should both TP and MP be declined in a situation of diminishing returns?
→
Show that AR = Price.
→