The act of making goods and services in order to satisfy various human wants is called
Production
Education
Transportation
Communication
The _____ of a country depends on the growth rate of national output or percapita output.
Income
Economic growth
Profit
Service sector
The increase in the national income is called
Percapita income
Capital intensive
Capital formation
Man made instruments of production are called
Land
Capital
Labour
Organization
_______ is an active agent of production.
Labour cannot be separated from the
Restored
Service
Bargain
Labourer
___________ is the basic factor of production.
is defined to include not only the surface of the earth but also all other gifts of nature.
Entreprenure
_______ is a man made instrument of production.
__________ increases the productivity of the workers.