Who get the final goods and services by paying price?
producers
consumers
enterpreneurs
intermediaries
Production of any good needs a set of factors of production materials or services that helps in production are called
factors of production
Distribution
land
capital
The total market value of all goods and services produced in a country during a given period of time is
Percapita income
Net National Product
Gross National Product
National Income
The reward paid for enterpreneurial skills is
rent
wages
interest
profits
Which one of the following goods are manufactured by small scale industries?
textiles
flowers
fruits
oilseeds
NI = R+W+I+P where as NI stands for
Net Income
Nominal Income
Net National Income
Price paid to land in the form of
labour
profit
Price paid services are called .
free services
economic services
consumption
production
The services which are not paid for are known as
Free services
Economic services
Private services
Consumer services
Which one of the following are produced by large scale industries?
Dams
shoes
baskets
