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ECONOMICS – Daily Answer Writing Challenge – June 17, 2014

Economics Daily Answer Writing Challenge

  1. Write on drain theory as developed by Dada Bhai Naroji. How does it explain sustained poverty during British rule in India? (150 words)
  2. Mixed economy is an outcome of the compromise between laissez faire capitalism and socialist state control of resources. Elaborate mention its salient features.  (150 words)