The term economics derived from the Greek word namely

The distinction between micro and macro economics was made by

________ is the cost of any activity measured in terms of value of the next best alternative forgone.

Opportunity cost is called the

__________ are the basic economic activities of life.

___________deals with the functioning of the economy.

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a give stock of technological knowledge is called

____________ deals with interaction of individual markets.

Micro economics is the ___________ study of the economy.

Macro economics explains