_______ is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
- Macroeconomics
- Neo-classical economics
- Microeconomics
- Monetarist economics
×
Microeconomics is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
__________ is the migration of health personnel in search of a better standard of living and quality of life, higher salaries, access to advanced technology, and more stable political conditions in different places worldwide.
- Immigration
- Emigration
- Brain Drain
- Mass Exodus
×
“Brain drain” is a term used to describe the large-scale migration of skilled human capital that causes a country to lose its innovative capabilities and limits its economic growth.
Fundamental Rights are described in which articles of Indian Constitution?
- Article 12 to 35
- Article 14 to 32
- Article 14 to 35
- Article 12 to 32
×
Article 12 to 35 contained in Part III of the Constitution deals with Fundamental Rights.
What does republic mean in the Indian Constitution?
- India is a Union of States
- The head of state is elected by people
- People have final authority in all the matters
- India has parliamentary system of government
×
'Republic' is a State in which supreme power is held by the people and their elected representatives. It has an elected head of state rather than a monarch.
What type of economy is followed in India?
- Traditional Economy: Economic system based on goods, services, and work, all of which follow certain established trends.
- Command Economy: A dominant centralized authority – usually the government – that controls a significant portion of the economic structure.
- Market Economy: Economic system based on the concept of free markets.
- Mixed Economy: Economic system that combine the characteristics of the market and command economic systems.
×
A mixed economic system is a system that combines aspects of both capitalism and socialism. This means that some industries are controlled by private businesses and individuals, while other industries are controlled by the government.
