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Economics, XII

1. What is an economic problem? Have you ever come across any cases of economic problem in your life?
2. List your needs according to your priorities which you would like to satisfy from your monthly pocket money.are you able to meet all your needs with the pocket Money provided to you? If not mention why?
3. What is the kind of economic system followed in India? What are the different types of Economic systems?
4. Draw the given variables in a scatter diagram and Find the slope from the following data of two variables given below:also comment on the shape of the curve/line thus obtained
X.       Y
10.     2
20.     4
30.     6
40.     8
50.    10

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