People purchase commodities from the market to satisfy their needs. This is called
Consumption
Buying
Trading
Retailing
_______ is a place where things are bought and sold in a large amount
House
Store
Retail shop
Market
The buying and selling of commodities is termed as
Trade
Selling
Which of the following are the main causes of slow rate of growth of per capita income in India?
I. High capital – output ratio 2. High rate of growth of population 3. High rate of capital formation 4. High level of fiscal deficits
1 and 2
2,3,4
1 and 4
1 and 3
To fulfill his needs man started to ________ garments footwear etc.
Buy
Sell
Manufacture
All the above
________ help to improve our country.
Agriculturist
Labours
Employees
To prepare budget for the country it is necessary to have knowledge of
Business
Population of the country
Economics
Commerce
When demand increases there is an increase of production, consumption, distribution. This is termed as
Economic development
Demand Increment
Growth in demand
Economic Growth
People work to improve the economy of the country. This is called
National Income
Per Capita Income
Net Income
Gross Income
People who buy and sell small quantities are known as
Buyers
Manufactures
Retailers