Define Macro Economics

Define the term ‘Inflation'.

What do you mean by Capitalism?

‘Circular Flow of Income’ - Define.

Write any three merits of capitalism.

Who is the controll authority of socialistic economy?

What are the different models of circular flow of income?

What are the movements of Business Cycle?

What is Globalisation?

What is Price Mechanism?

Define Globalism.

How is socialism defined?

What is the main point that we are supposed to glean from the circular flow diagram?

Which are the four components of the macroeconomy?

Draw the chart depicting various systems of economy