Economics mainly focuses on

It is a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.

The basic functions of an economy are production,consumption and

The organizational modifications can be accomplished only by the

Free economy is also called

In the absence of a ________,the private businessmen and entrepreneurs have a tendency to exploit common masses and to earn more profits.

It creates the demand for various commodities.

The supply of various goods and services is possible in any country through the business activities or productive activities of the

Robbin's Definition is called