Name: Mahrukh

Roll Number: BL1592

Class: LLB ( Part 1)
Section: A

1: List some examples of scarcity that you face?

Given below are the scarcities that I have face in my life.

● Scarcity of money
● Scarcity of time

2: Find an example of scarcity in headlines?

(Reference: Geo.tv. Date: December 20th, 2018)

3: Find an illustration of the distinction between microeconomics and

macroeconomics in headlines?

● Macroeconomics
It is a branch of economics that deals with the general economics factor which includes
unemployment rate, inflation, etc.

(Reference: Business-Standard.com)
(Reference: Business-Standard.com)

● Microeconomics
It is a branch of economics that deals with the effects of individual decisions on the economy
which includes local businesses, firms, etc.

(Reference: Samaa.tv)
(Reference: Dawn.com. Date: December 14th, 2020)