One who buys goods to satisfy his own or other persons needs is called
Producer
Consumer
Seller
Investor
_____________ is the study of the collection, organization, analyzing and interpretation of data.
Statistics
Economics
Demand
Supply
_____________ is a person or organization that produce goods or services for sale.
In statistics is the first step is
Diagrammatic and graphic representation
Calculating various numerical data
Collection and organization of data
Analysis of data
Manufacture of goods by produces for the market is
Production
Consumption
Distribution
Profit
__________ is the root of all economic problems.
Wants
Resources
Scarcity
Limited
Resources have _____________ uses.
Alternative
Scarce
Statistics deals with
Collection of data
Factors of production
Information technology
____________ helps in condensing mass data into a numerical measures.
Marketing
Public finance
The act of making goods and services is called