www.growtheducationpoints.com2021-06-30T17:39:30+00:00Nios Economics (214) Tutor Marked Assignment 2021-22 Question Paper
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Economics (214) Tutor Marked Assignment 2021-22
Note :
(i) All questions are compulsory. The Marks allotted for each question are given beside the questions.
(ii) Write your name, enrollment numbers, AI name and subject on the first page of the answer
1. Answer any one of the following questions in about 40-60 words.
(a) Economics is a vast subject and it is not easy to give a precise definition of economics. You have to define economics as science of welfare and science of wealth.
(See Lesson 1)
(b) "Any producer wants to earn maximum profit and minimize cost of production. Explain the concept of cost, revenue and profit for the producer." (See Lesson 8)
2. Answer any one of the following questions in about 40 to 60 words.
(a) Scarcity and choice go hand in hand. In fact issue of choice arises because resources are scarce. Explain the issue of scarcity...
