The numerical measures help to summarise ____________.
Information
Data
Policy
None of these
Statistics deals with __________.
Collection of data
Factors of production
Both 1 & 2
Economic facts are known as ___________.
__________ is the root of all economic problems.
Wants
Resources
Scarcity
Who is the provider of goods or services?
Seller
Consumer
Producer
Statistics summarises and presents a meaningful overall information about a mass of ____________.
The act of making goods and services is called ____________.
Distribution
Consumption
Production
__________ are the facts and figures that are collected,analysed and summarized for presentation and interpretation.
_____________ refers to the way total output, income or wealth is distributed among the factors of production.
____________ is the process through which human wants are satisfied.
