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GyanMul Prep · NEB +2 · Management · Grade 12

Economics (Management, Grade 12)

Everything on these tabs is Economics (Management, Grade 12) only, within NEB +2 Management · Grade 12.

Management · Grade 12 subjects

GyanMul Prep · NEB +2 · Management · Grade 12

Economics (Management, Grade 12)

Everything on these tabs is Economics (Management, Grade 12) only, within NEB +2 Management · Grade 12.

Management · Grade 12 subjects

Chapter 1 of 15 · Economics (Management, Grade 12)

Basic Concepts of Economics and Resource Allocation

6 topics
Board exam — marks not published

Why choices must be made at all: scarcity and opportunity cost, the production possibility curve and its shifts, how resources are allocated, division of labour, and the market, command and mixed economic systems.

Topics

What the syllabus defines for this chapter

1Scarcity and choice
2Opportunity cost
3Production possibility curve: concept, shape and shift
4Allocation of resources
5Division of labour and specialisation: advantages and disadvantages
6Economic systems: market, command and mixed