Following thinkers have given the definition of Political Economy: Adam Smith: Political Economy describes the actual working of the economy (positive aspect), and also the way the economy should work (normative aspect). Lionel Robbins: Political Economy analyses the political effects of economic actions, and economic effects of political actions. Shows interaction between economic and political systems. The term political economy first used by Antonine Montchiestien (1575-1621). Later used by Sir James Steuart (1767).
Statements: All trains are buses.
All buses are cars.
All cars are bikes.
Conclusions:...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow...
Statements:
Some reds are blues.
Some blues are greens.
Conclusions:
I. Some reds are greens.
II. Some blues are reds.
In the question below some statements are given followed by four conclusions I, II, III and IV. You have to take the given statements to be true even i...
Statement:
Only a few beautiful are smart.
All smart are handsome.
No handsome is ugly.
Conclusion:
I. Some beautiful...
Statements :
Some pens are tables.
No table is a book.
Some books are threads
Some threads are boxes.
Conclusions: ...
Three statements are given followed by three conclusions numbered I, |I & Ill. Assuming the statements to be true, even if they seem to be at variance ...
Statements:
Only a few H are G.
Some G is not K.
All L is K.
Conclusions:
Some H can be K.
All L can never be G.
Statements: Some bricks are hotels.
All bananas are bricks.
No apple is a brick.
Some copies are bricks.
Conclusions: ...
