For whom to produce relates to the
Functional distribution of income.
Personal distribution of income
Economic needs of the poor
Distribution
The father of economics is
Alfred Marshall
Adam Smith
Robbins
Samuelson
The branch of microeconomics which deals with efficiency in production and distribution is called
Welfare economics
Positive economics
Normative economics
Macro economics
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
Another name for production possibility curve is
Transformation curve
Marginal Productivity curve
Indifference curve
Supply curve
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
The technique of using more labour and less capital is called
Capital intensive technique
Labour intensive technique
Economizing the use of labour
Supply and demand
A shift of the production possibility curve to the right means
Expansion of output produced
Scope for greater choice
That the economy is able to produce more of the commodities than before
Economic is
Social Science
General Science
Basic Science
Welfare science
Scarcity definition of economics was given by
