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ECONOMICS – Daily Answer Writing Challenge, 18 July 2014

ECONOMICS – Daily Answer Writing Challenge, 18 July 2014

1) During the British rule, commercialization of agriculture was forced on the farmers, while now it is the need of the hour. Discuss (150 words) 

2) “Pareto criterion does not give us sufficient basis of ordering states. The Kaldor-Hicks-Scitovsky criteria do not carry us much further.” Examine Critically. (250 words)