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BIEAP Class 12 Economics Question Paper 2019

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Class 12 Economics BIEAP Question Paper 2019 - Free PDF Download

The Board of Intermediate Education Andhra Pradesh (BIEAP) is a board of education in Andhra Pradesh India. Established in 1971, it is situated in the composite Andhra Pradesh state and is located in Hyderabad. Now the Board is shifted to Vijayawada after the reorganization of the state in 2014. Two-year courses in 85 streams are offered by this board and conduct examinations.

BIEAP Class 12 Economics Question Paper 2019 part-1
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FAQ (Frequently Asked Questions)

1. Mention the Five Principles of Economics.

Introductory economics have five fundamental principles that are benefits, rotationals, cost, marginal analytics and incentives. 

2. Mention Five Economics Questions.

The fundamental five economic questions are what quality goods and services are produced, how do one produce goods and services, when do one produces services and goods, where do we produce services and goods, who consume the services and goods which are produced.

3. What is the Important Question in This Field?

The idea of rotational choice provides the answer to the first and the most important economics question i.e. in what qualities what goods and services will be produced. The answer to this question is the services and goods which one rationally chooses to buy.

4. What Are the Types of Economics?

A state will collapse without variable economics. There are three types of economics. The main three types of economies are mixed economics, free-market economics and command economies. The mixed economies are combinations of two economies.

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