Explain the scarcity definition of Economics and assess it.

What are the crucial decisions involved in 'what to produce'?

Explain different types of economic activities.

What are the different features of services?

What are the important features of utility?

Distinguish between microeconomics and macroeconomics.

Compare positive economics and normative economics.

What is the kinds of goods and services?

Explain the types of utility.

Explain deductive method of economics.