Very Short Question Answer 1. What is the main cause of unemployment according to Keynes? According to Keynes, the main cause of unemployment is deficiency of aggregate demands in the economy. The decrease in aggregate demand results decrease in output, which results unemployment in the economy. 2. What are the causes of declining MEC? The […]
Chapter 3: Classical Theory of Employment
Very Short Question Answer 1. What is unemployment? Unemployment is defined as the non-availability of jobs or works for people who are able and willing to work at the existing wage rate. It is a problem to both developed and developing countries. It creates problems like poverty, inequality, robbery, prostitution, theft, crime etc. 2. What […]
Chapter 2: National Income Accounting
Very Short Question Answer 1. What is meant by two sector economy? The economy which consists of only household and business sectors is called two sector economy. This is hypothetical concept. This is also known as the two sector closed economy. 2. Define the meaning of three sector economy. The economy which consists of household, […]
Chapter 2: Women Entrepreneurship
Brief Answer Questions 1. Mention any four problems of women entrepreneurship. [2] The four problems of women entrepreneurship are mentioned as follows: Lack of finance High competition Limited mobility Lack of skill and education 2. Define women entrepreneurship. Women entrepreneurship is the process, where women organize all the factors of production, undertake, risks and provide […]
Chapter 1- Introduction to Macroeconomics
Very Short Question Answer 1. What is Macroeconomics? Macroeconomics is the branch of economics which deals with economy as a whole. In other words, it is the study very large economy-wide aggregate variables like national income, money, price level, unemployment, economic growth rates etc. 2. Point out the scope of microeconomics. The scope of macroeconomics […]
Chapter 1: Introduction to Entrepreneurship and Enterprise Development
Brief Answer Questions 1. Mention any four traits of an entrepreneur. The four traits of an entrepreneur are mentioned below: Motivation Organizer Risk bearer Hardworking 2. Define the term inventor. Inventory is someone who primarily aims to create something new. To S/he tries to bring positive change in mankind by his/her invention. 3. What is […]
MGT 220: Entrepreneurship and Enterprise Development
Entrepreneurship and Enterprise Development BBS 4th Year Notes Also Read: Fundamental of Investment[BBS 4th Year]-Notes and Solution
Chapter 8: Indemnity and Guarantee
Very Short Question Answer 1. What is a contract of indemnity? Indemnity is a specific contract where a person promises or gives an assurance to another to save him from loss caused to him in the dealing between them in such circumstances as promised by the promisor. In fact, it is a promise of the […]
Chapter 7: Law of Company and Insolvency Arbitration
Very Short Question Answer 1. What includes by a special resolution? A special resolution includes: Increase of authorized capital of the company. Decrease of share capital. Conversion of company from private to public or public to private company. Amalgamation or merger of company. Issue of Bonus share Change of name and objectives of the company. […]