CBSE Class 12 Economics Question Paper 2020

Class 12 Economics CBSE Question Paper 2020 - Free PDF Download

Various definitions have been proposed of 'Economics', including the definition of 'Economics' as "what economists do". Political 'economy' was the earlier term for 'Economics'. The usage of économie politique adapted by the French Mercantilist. The economy has extended from the ancient Greek term for household management to the national realm as public administration of the affairs of state. 

A book namely 'political economy' was written by Mister James Steuart (1767) as the first Economics book in English with,

CBSE Class 12 Economics Question Paper 2020 part-1
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FAQ (Frequently Asked Questions)

1. Mention the Five Principles of Economics.

Introductory Economics that began with a semester has five fundamental principles that are benefits, rotational, 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 a Very Important Question in This Field?

To the first Economics question the idea of rotational choice provides the answer, 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?

There are three types of Economics, a state will collapse without a variable 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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