National Institute of Business Management
Chennai - 020
FIRST SEMESTER EMBA/ MBA
Subject : Principles of Economics
Attend any 4 questions. Each question carries 25 marks
(Each answer should be of minimum 2 pages / of 300 words)
1. What are the vital functions of an Economy? Explain the price mechanism.
2. Explain measurement of Price Elasticity of Demand.
3. Describe the kinds of Economic Systems.
4. Price mechanism also known as the market mechanism, that helps to solve the central problems in Capitalist Economy. Explain.
5. What are the factors governing Price Elasticity of Demand? Explain.
6. Explain economic systems and resource allocation.
25 x 4=100 marks
Chennai - 020
FIRST SEMESTER EMBA/ MBA
Subject : Principles of Economics
Attend any 4 questions. Each question carries 25 marks
(Each answer should be of minimum 2 pages / of 300 words)
1. What are the vital functions of an Economy? Explain the price mechanism.
2. Explain measurement of Price Elasticity of Demand.
3. Describe the kinds of Economic Systems.
4. Price mechanism also known as the market mechanism, that helps to solve the central problems in Capitalist Economy. Explain.
5. What are the factors governing Price Elasticity of Demand? Explain.
6. Explain economic systems and resource allocation.
25 x 4=100 marks
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