Podcast
Questions and Answers
What are the two common aspects of human activities?
What are the two common aspects of human activities?
Earning a living and using earnings to satisfy wants
What is the primary motivation behind human economic activity?
What is the primary motivation behind human economic activity?
To earn income to satisfy their unlimited wants
What are the things that directly satisfy human wants called?
What are the things that directly satisfy human wants called?
Consumption goods
What gives rise to human efforts according to Prof. Seligman?
What gives rise to human efforts according to Prof. Seligman?
What is the characteristic of human wants?
What is the characteristic of human wants?
What is the fundamental characteristic of economic goods that distinguishes them from other goods?
What is the fundamental characteristic of economic goods that distinguishes them from other goods?
What is the primary focus of the subject of distribution in economics?
What is the primary focus of the subject of distribution in economics?
What is the main objective of planning in economics, as mentioned in the text?
What is the main objective of planning in economics, as mentioned in the text?
How does the author of the text define the circle of economics?
How does the author of the text define the circle of economics?
What is the primary focus of the study of public finance in economics?
What is the primary focus of the study of public finance in economics?
