2nd Year Economics Notes

2nd year economics notes for class 12 (ics) chapter 1 to chapter 17. 2nd-year economics books notes can be downloaded in PDF from perfect24u. FA economics books notes.

Economics Chapter 17 Economic System

Economics Chapter 17 Economic System Class 12 notes for fa fsc. what is capitalism? discuss its merits and demerits. Q.1) What is capitalism? Discuss its merits & demerits. Answer: Capitalism (Free market economy) Capitalism is the economic system based on the principle of private ownership of economic resources and individual freedom in all economic matters. …

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Economics Chapter 16 Balance of Payments of Pakistan

Economics Chapter 16 Balance of Payments of Pakistan for kpk board class 12 notes. Balance of Payments of Pakistan Q.1) Write a note on Pakistan’s balance of payments problem. What steps are taken in Pakistan to overcome this problem? Answer: Balance Of Payments of Pakistan Balance of payments of a country is the annual record …

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Economics Chapter 14 Public Finance in Pakistan

Economics Chapter 14 Public Finance in Pakistan Class 12 FA fsc notes. 2nd economic notes for kpk. Q.1) Write a note on the sources of revenue and heads of expenditure of Federal Government. Answer:Sources of revenue of the federal governmentThe federal government of Pakistan divides the sources of its income into the following parts:a. Tax …

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Economics Chapter 13 Banking in Pakistan

Economics Chapter 13 Banking in Pakistan Class 12 notes for FA FSc. Banking in Pakistan Q.1) Discuss the important features of the banking system in Pakistan. Answer: Importance of banking Banks are an indispensable part of modem economies. The close relation between economic prosperity of a nation and banking services is well highlighted when we …

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Economics Chapter 12 Transport Communication and Human Resources

Economics Chapter 12 Transport Communication and Human Resources Class 12 notes pdf download now. 2nd Year economics | and FA FSC. Transport Communication and Human Resources Q.1) Define the terms  Labor, Efficiency of labor, Mobility of labor, Labor force, Human resources, Unemployment, Overpopulation, Optimum population, Productive work, Bargaining power of labor, Productivity of labor, Human capital, Social mobility, Vertical mobility.  …

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Economics Chapter 11 (Economic Development and Planning) Class 12 Notes

Economics Chapter 11 (Economic Development and Planning) Class 12 notes. 2nd Year economics notes. FA/ fsc class 12 economics. Economic Development and Planning Q.1) What is economic development? How is it measured?  Economic development  Development means change and economic development refers to the desirable changes taking place in the economic life of the people or …

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Economics Chapter 10 National Income of Pakistan Class 12

Economics Chapter 10 National Income of Pakistan Class 12 Q.1) Review your understanding of the following terms, the vicious circle of poverty, capital accumulation, social evils, saving.  Answer:  1. Vicious circle of poverty  In economics, the vicious circle of poverty is the “set of factors or events by which poverty, once started, is likely to …

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Economics Chapter 9 Introduction to Pakistan Economy Class 12

Economics Chapter 9 Introduction to Pakistan Economy Class 12 Notes | 2nd year FA FSc chapter 9 introduction to Pakistan economy for kpk board. a short question and long question. Pakistan Economy Q.1) What are the main problems in education? The medium Answer: Problems in Education Following are the problems in education in Pakistan. 1. …

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Economics Chapter 8 Balance of Payments Class 12 notes

Economics Chapter 8 Balance of Payments Class 12 short question / long question Q.1) Distinguish between Balance of Trade and Balance of Payments. Answer: Difference between balance of trade and balance of payment. Balance of trade represents the difference between visible exports and imports of a country. Balance of payments represents invisible items included in …

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Economics Chapter 7 International trade Class 12 notes

Economics Chapter 7 International trade Class 12 notes for FA/ FSC Exercise Q.1 Differentiate between domestic trade and international trade and explain why it is necessary to study international trade separately. Answer:  INTERNATIONAL TRADE Exchange of goods and services between countries is called international trade. The resources such as land, climate, minerals, capital and labour …

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Economics Chapter 5 Banks Class 12 notes

Economics Chapter 5 Banks Class 12 notes short question, long question, and exercise for 2nd year FA/ fsc notes. Set A(Questions) Q.1) Define Bank, Credit Creation, Cheque, Bill of Exchange, Letter of Credit, Balance Sheet Answer: Bank The bank is a financial institution which is engaged in borrowing and lending of money. Banks get surplus …

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