Q.1. Write an introduction on economic systems.
Q.2. Describe in detail Islamic economic system.
Q.3 Discuss in detail business under public ownership (socialism).
Q.4 State characteristics, advantages and disadvantages of socialism (business under public ownership).
Q.5 What do you know of open market economy?
Q.6 Discuss in detail the characteristics of business under private ownership.
Q.7 State merits and demerits of capitalism.
Q.8. Write notes on the following;
1. Capitalism and socialism
b. Mixed Economy
c. Pillars of capitalism
d. Business combinations
e. Business cycle
Q.7. What are the characteristics of mixed economy? Elaborate your answers.
Q.8 Highlight the characteristics of
(a) Business under private ownership
(b) Business under public ownership