In the _____________ sense, statistics means numerical facts systematically collected.
Singular
Plural
Both 1 & 2
None of these
The ___________ is the one who consumes the goods and services produced.
Producer
Consumer
Seller
____________ is the process through which human wants are satisfied.
Distribution
Production
Consumption
Division of the national income into wages, profits, rent and interest is ____________.
Demand
____________ involves collection and organization of data.
Economics
Policies
Statistics
Variables
____________ helps in condensing mass data into a numerical measures.
Marketing
__________ is the root of all economic problems.
Wants
Resources
Scarcity
Purchase of goods by consumers to satisfy their various needs is ____________.
Manufacture of goods by produces for the market is ____________.
____________ is summarised by calculating various numerical indices such as mean, variance and standard deviation.
Data
Information
Policy