"Wealth of Nation" is written by
Adam Smith
Alfred Marshall
Lionel Robbins
Samuelson
For whom to produce relates to the
Functional distribution of income.
Personal distribution of income
Economic needs of the poor
Distribution
Economic is
Social Science
General Science
Basic Science
Welfare science
Another name for production possibility curve is
Transformation curve
Marginal Productivity curve
Indifference curve
Supply curve
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
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
Nature and significance of economic science was written by:
Scarcity definition of economics was given by
Robbins
The Welfare definition of economics was given by
Keynes
What to produce is a question of
Efficient use of resources
Allocation of resources
Growth of resources
Resources
