Economics is a social science concerned with the proper u...
Economics is a social science concerned with the proper use and_____
Production of goods and services
Distribution of wealth
Allocation of resources for growth
Creation of utility
Correct answer is C
Economics study scarcity because the resources are limited. Also, it helps to study how resources are allocated or used up by the government, firm and individual.
The quantity demanded of a commodity is influenced only by changes in ...
A country's budget allocation to various sectors of the economy is shown in the pie chart . &...
International trade is based on the law of ...
Which of the following is NOT one of the balance of payment entries? ...
Other things being equal, an increase in supply will lead to ...
Total cost is the addition of ...
A cheque book is issued to customers of a bank operating a ...
The trade unions in West Africa have achieved the following for the workers except ...
The best way of presenting data in tabular form is in ...
A decrease in supply without a corresponding change in demand will lead to ...