Tag: economic reconstruction
Questions Related to economic reconstruction
Which of the following is the best general definition of the study of Economics?
Economic activities are those activities that are done with a view to earn a reward.
Scarcity means producing less goods and services in a given time period.
The price given for labour is usually called salaries and wages.
There still are many traditional economies in the world even today.
All our wants can be satisfied because resources get discovered every day.
The most important economic problem is that the resources used to satisfy our wants are limited in supply.
Scarcity of resources leads to _______.
Scarcity of resources effects ________________.
Which of the following is a central problem of every economy?