Purchase of goods by consumers to satisfy their various needs is ____________.
Production
Consumption
Distribution
None of these
____________ involves collection and organization of data.
Economics
Policies
Statistics
Variables
Manufacture of goods by produces for the market is ____________.
____________ is the process through which human wants are satisfied.
Full form of GDP.
Gross Domestic Price
Gross Demand Price
Gross Domestic Product
Gross Development Price
Resources have _____________ uses.
Limited
Wants
Alternative
The ___________ is the one who consumes the goods and services produced.
Producer
Consumer
Seller
Statistics deals with __________.
Collection of data
Factors of production
Both 1 & 2
Statistics plays a vital role in ___________.
Data
Decision making
Who is the provider of goods or services?
