NCERT Solutions for Class 12 Economics – Introductory Microeconomics – Chapter 4 – The Theory of The Firm Under Perfect Competition

Exercise : Solutions of Questions on Page Number : 66 Q1 :What are the characteristics of a perfectly competitive market? Answer : Perfect Competition This type of market structure refers to the market that consists of a large number of buyers and also a large number of sellers. No individual seller is able to influence … Read more

NCERT Solutions for Class 12 Economics -Introductory Macroeconomics – Chapter 5 – The Government: Budget and The Economy

Exercise : Solutions of Questions on Page Number : 74 Q1 :Explain why public goods must be provided by the government. Answer : A good that is non-rival and non-excludable is referred to as public good. Non-rival means that consumption by one individual does not affect the consumption of another individual. Whereas, non-excludable implies that … Read more

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