Agricultural productivity can be improved through
Factors of production
Income opportunities
Organising business activities
Industrialization
The maximum social welfare is the sole objective of
Socialism
Capitalism
Mixed economy
All the above
The supply of various goods and services is possible in any country through the business activities or productive activities of the
Investor
Supplier
Consumer
Producer
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
Economic transactions between the consumers and the producers allows _____________in an economy.
Increase
Decrease
Both A & B
Constant
The main and the fundamental aim of Economics is to promote
Wealth
Human Welfare
Economic Welfare
Production
Marshall's Definition is called
Welfare Oriented definition
Wealth Oriented Definition
Scarcity Oriented Definition
Growth Oriented Definition
The important feature in Marshall's welfare definition of economics is
Social Science
Scarcity of Means
Efficient Allocation of Resources
Society
The basic functions of an economy are production,consumption and
Investment
Human wants
Alternative use of resources