Purchase of goods by consumers to satisfy their various needs is ____________.
Production
Consumption
Distribution
None of these
In the _____________ sense, statistics means numerical facts systematically collected.
Singular
Plural
Both 1 & 2
The numerical measures help to summarise ____________.
Information
Data
Policy
Full form of GDP
Gross Domestic Price
Gross Demand Price
Gross Domestic Product
Gross Development Price
Statistics summarises and presents a meaningful overall information about a mass of ____________.
_____________ is a person or organization that produce goods or services for sale.
Producer
Consumer
Seller
The ___________ is the one who consumes the goods and services produced.
_____________ refers to the way total output, income or wealth is distributed among the factors of production.
____________ helps in condensing mass data into a numerical measures.
Economics
Marketing
Statistics
Manufacture of goods by produces for the market is ____________.