No copy paste answer

Attempt all questions and each question will carry equal marks.

Q1: According to Adam Smith division of labor extent market and economic progress.

Explain the it how it can extent market and economic progress?

Q2: Who is Karl Marx and what are the ingredients of Marx's theory of history or

Dialectical Materialism?

Q3: What is the theory of the firm? And what is the difference between Monopoly and

Monopsony?

Q4: What response given by British Economist John Maynard Keynes to Great Depression?