B.Com Economics Important Questions Notes

Here are the B.Com Economics Important Questions Notes.Q.1(a) “Economics is the science of scarcity and choice.” Elucidate.(b) Explain Micro and Macro approach to the Economic Analysis.(c) what is the importance of economics in our daily life?(d) Describe the scope and nature of Economics.(e) Describe the methodologies of Economics.Q.2(a) Explain Marginal Rate of Substitution.
(b) Explain why