ASSIGNMENT-1

Submission date: 17/01/2018

Batch-1
1. Describe the Wealth definition of Economics and its limitations and superiority.
2. What is elasticity of demand? What are the factors determining price elasticity of
demand?

Batch-2
1. Explain Welfare definition of economics and its limitations and superiority.
2. Explain salient features of utility and describe the laws of diminishing marginal utility
and its limitations.

Batch-3
1. Describe the structure of market structures.
2. What is monopolistic competition? Describe the features of monopolistic competition.

Batch-4
1. Describe the features of oligopoly and duopoly.
2. Describe the conditions of perfect competition and monopoly.

Batch-5
1. What is business? What are the factors determining the form of business?
2. Explain salient features of public limited and private limited companies.

Batch-6
1. Explain the salient features of sole proprietorship.
2. Explain the salient features of partnership.