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
Economics is a science of " scarcity and choice", this definition was presented by
Adam Smith
Prof : Marshall
Prof : Robbin's
Prof : Samuelson
Economics is the study of
Production technology
Consumption decision
How society decides what, how and far whom to produce
The best way to run society
Micro economics deals with
Theory of cost
Theory of production
Factor pricing
All the above
" Economics is the science of wealth" who gave this definition?
J.K. Mehta
Marshall
Robbins
Micro economics is also called
Economic theory
Price theory
Demand theory
Supply theory
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
Scarcity problem arises because our resources are
Unlimited
Limited
Sufficient
Vast
Macro Economics deals with
The behaviour of the electronics industry
Economic Aggregates
The behaviour of firms
The activities of individual units
