The remuneration paid for the services of ________ is called wages.
Labourer
Entrepreneur
Products
Savings
The increase in the national income is called
Percapita income
Capital intensive
Capital formation
Economic growth
In economics the central problem is
Allocation
Production
Scarcity
Consumption
When labour is more dominant than capital it is called ________ production.
Labour intensive
Large scale production
Small scale production
The act of making goods and services in order to satisfy various human wants is called
Education
Transportation
Communication
The of a country depends to a great extent on the availability of land in that country.
Income
Profit
National output
Development
Machines, factories and computers are examples of ___________ capital.
Fixed capital
Physical capital
Money capital
Working capital
___________ is the basic factor of production.
Labour
Capital
Organization
Land
__________ increases the productivity of the workers.
is defined to include not only the surface of the earth but also all other gifts of nature.
Entreprenure