__________ is the root of all economic problems.
Wants
Resources
Scarcity
None of these
Full form of GDP
Gross Domestic Price
Gross Demand Price
Gross Domestic Product
Gross Development Price
Resources have _____________ uses.
Limited
Alternative
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
Statistics deals with __________.
Collection of data
Factors of production
Both 1 & 2
Manufacture of goods by produces for the market is ____________.
______________ refers to qualitative or quantitative attributes of a variable or set of variables.
Data
Policy
Information
Economic facts are known as ___________.
Statistics plays a vital role in ___________.
Decision making