Economic activities are concerned with producing goods and services which satisfy ______________.
Human wants
Choice
Scarcity
None of these
The government must make proper arrangements for technical training, ___________,innovating new techniques of production and improving the quality of the products.
Industrial research
Creating employment
Production of consumer goods
Market for consumer goods
The Government has to formulate a balanced ____________ in according to the needs of the country.
Fiscal policy
Price policy
Monetary policy
Tariff policy
The______________ has very significant and long lasting effects on the socio-economic condition of the country.
______________ means the demand of final goods.
Investment
Consumption
Distribution
Utility
Households purchase different _____________ for their own consumption.
Consumer goods
Producer goods
Economic policy
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
The households are __________ in an economy.
Consumption units
Social welfare
Inequality of income
The economic policies should be framed to encourage and promote ___________.
Economic freedom
Economic development
Economic planning
Economic inequalities
_________ create the demand for various commodities.
Consumers
Producers
Investors