What to produce is a question of
Efficient use of resources
Allocation of resources
Growth of resources
Resources
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
Nature and significance of economic science was written by:
Alfred Marshall
Adam Smith
Lionel Robbins
Samuelson
The branch of microeconomics which deals with efficiency in production and distribution is called
Welfare economics
Positive economics
Normative economics
Macro economics
Economic problem arises because of
Abundance of resources
Scarcity of resources
Alternative use of resouces
Not using resources
For whom to produce relates to the
Functional distribution of income.
Personal distribution of income
Economic needs of the poor
Distribution
By economizing resources we mean:
Using less resources
Making the best use of resources
Using more resources
The technique of using more labour and less capital is called
Capital intensive technique
Labour intensive technique
Economising the use of labour
Supply and demand
"Growth definition " is the contribution of
Keynes
Scarcity definition of economics was given by
Robbins