Economics mainly focuses on
Welfare
Wealth
Choice
All the above
The definition given by Robbins has taken an entirely static view of the
Scarcity Problem
Distribution
Problem of choice
Causes of wealth
The maximum social welfare is the sole objective of
Socialism
Capitalism
Mixed economy
The organizational modifications can be accomplished only by the
Private sector
Public sector
Government
None of these
The main and the fundamental aim of Economics is to promote
Human Welfare
Economic Welfare
Production
In the absence of a ________,the private businessmen and entrepreneurs have a tendency to exploit common masses and to earn more profits.
Monetary Policy
Fiscal Policy
Tariff Policy
Price Policy
It is a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.
Simple economy
Complex economy
Open economy
Closed economy
It is an economy in which country has true relation with other countries and believes interdependence on each other.
Simple Economy
complex economy