The father of economics is
Alfred Marshall
Adam Smith
Robbins
Samuelson
The technique of using more labour and less capital is called
Capital intensive technique
Labour intensive technique
Economising the use of labour
Supply and demand
Economic problem arises in
All types of economies
Poor economies
Rich economies
Capital economy
What to produce is a question of
Efficient use of resources
Allocation of resources
Growth of resources
Resources
Scarcity definition of economics was given by
"Wealth of Nation" is written by
Lionel Robbins
Economic is
Social Science
General Science
Basic Science
Welfare science
For whom to produce relates to the
Functional distribution of income.
Personal distribution of income
Economic needs of the poor
Distribution
Choice is fundamental to economic behaviours because
People fund it difficult to choose what they want
Resources are scarce in relation to wants
Prices depend on people making choice
Resource scarce
Capital intensive technique is the method of using
More labour and less Capital
More Capital and less Labour
More Capital and More Labour
More labour and More capital
