Economics is a science of " scarcity and choice", this definition was presented by
Adam Smith
Prof : Marshall
Prof : Robbin's
Prof : Samuelson
Human wants or desires are
Limited
Unlimited
Resource and Allocated
Scarce
Scarcity problem arises because our resources are
Sufficient
Vast
Micro economics is concerned with
The economy as a whole
The electronics industry
The study of individual economic behaviour
The interactions within the entire economy
Micro economics is also called
Economic theory
Price theory
Demand theory
Supply theory
Macro Economics deals with
The behaviour of the electronics industry
Economic Aggregates
The behaviour of firms
The activities of individual units
An Enquiry in to the Nature and causes of wealth of Nations" is the book of economist
Marshall
Robbins
Samuelson
Inflation is
A decrease in the over all price level
An increase in the over all price level
An increase in the over all level of economic activity
A decrease in the over all level of economic activity
Growth definition by Samuelson has
An element of time in its
Touches about economic growth and welfare concepts
Talks about the problem of scarcity of resources
All the above
Problem of allocation of resources includes
What to produce
How to produce
For whom to produce
