Nature and Scope of Economics

Q1. What is the difference between Micro and Macroeconomics?

Q2. What type of economic system does Canada have?Explain by

giving examples

Q3. Compare Canadian economy with the economy of USA and give

merits and demerits.

Q4. Why do you think Central problem arises? What other steps can

be taken to solve them in an economy?

Q5. Take example of your own business and/or job. Prepare a

business cycle / economic cyclic fluctuations chart