The word statistics is used in ___________ distinct senses.
Two
Three
Four
Five
Division of the national income into wages, profits, rent and interest is
Production
Consumption
Distribution
Demand
Statistics deals with
Collection of data
Factors of production
Information technology
Averages
____________ involves collection and organizing of data.
Economics
Policies
Statistics
Variables
The ___________ is the one who consumes the goods and services produced.
Producer
Consumer
Seller
Distributor
Who is the provider of goods or services?
Investor
Resources have _____________ uses.
Limited
Wants
Alternative
Scarce
The act of making goods and services is called
Profit
____________ is the process through which human wants are satisfied.
_____________ is a person or organization that produce goods or services for sale.
