Write down the three types of economic systems.

What is Globalism?

What are the demerits of socialism?

What do you mean by Socialism?

What is Mixed Economy?

What are the merits of Mixed Economy?

Give examples for Mixed Economic countries.

Give the countries which have communism.

Write down the countries that have capitalistic, economy.

Draw the diagram for Circular flow of income in a Two-sector economy

Write any three merits of capitalism.

Who is the controll authority of socialistic economy?

Write the equation for Four-sector economy.

What are the different models of circular flow of income?

What are the movements of Business Cycle?