MEC008 - Economics of Social Sector and Environment Assignment

Assignment Task

Section A

Answer the following questions in about words each. 

1. Explain the role of ‘natural resources’ in

2. Discuss the concept of ‘health insurance’ analysing its interacting effect on

Section B

Answer the following questions in about words each.  

3. Explain the concept of Pareto Why is it an important criterion?

4. Bring out the modifications suggested in SNA to account for the use of environmental

5. Illustrate the difference between the ‘direct use value’ and the ‘indirect use value’ of environment with an example.

6. Why is there for a need for regulation in an economy?

7. Outline the consumption versus investment debate in

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