_________ are also called gift of nature .
Natural resources
Man made
Capital
Machines
_______ refers to investments in financial instruments,like stocks and bonds or the funds that are used to buy financial instrument like stock and bonds .
Physical capital
Financial capital
Human capital
Microeconomics is concerned with
The economy as a whole
The electronics industry
The study of individual economic behaviour
The interactions within the entire economy .
______ refers to raising the standard of living and well being of people .
Economic development
Economic growth
Macro economics
Micro economics
_________ is the situation in which available resources or factors of production are finite whereas wants are infinite .
Scarcity
Distribution of income
Production
Capital formation
Economics is the study of
Production Technology
Consumption decisions
How society decides what ,how and for whom to produce
The best way to run society
__________ is development that meets the needs of the present without compromising the ability of failure generations to meet their own needs .
Sustainable development
Social development
In a free market
Governments intervene
Governments plan production
Government interfere
Prices adjust to coincide scarcity and desires .
____ is used to produce more goods and service in the future .
Natural capital
Social capital
In the mixed economy
Economic problems are solved by the government and market
Economic decisions are made by the private sector and free market
Economic allocation is achieved by the invisible hand
Economic questions are solved by government departments .