__________ is the root of all economic problems.
Wants
Resources
Scarcity
Limited
_____________ is a person or organization that produce goods or services for sale.
Producer
Consumer
Seller
Investor
Economic facts are in the form of .....................
Policy
Data
Information
Statistics
Purchase of goods by consumers to satisfy their various needs is
Production
Consumption
Distribution
Investment
In statistics is the first step is
Diagrammatic and graphic representation
Calculating various numerical data
Collection and organization of data
Analysis of data
Division of the national income into wages, profits, rent and interest is
Demand
____________ involves collection and organizing of data.
Economics
Policies
Variables
____________ helps in condensing mass data into a numerical measures.
Marketing
Public finance
Manufacture of goods by produces for the market is
Profit
One who buys goods to satisfy his own or other persons needs is called