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What is the concept of economics derived from?
What is the concept of economics derived from?
Greek word 'Oikonomia'
According to Lionel Robbins' definition, what are the key points?
According to Lionel Robbins' definition, what are the key points?
Wants are unlimited, Means are limited, Means have alternative uses
Which statements are related to wealth?
Which statements are related to wealth?
Wealth means anything which has market value and can be exchanged for money, Wealth is scarce and exchangeable
What is included in National Income?
What is included in National Income?
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Who authored the book 'Wealth of Nations'?
Who authored the book 'Wealth of Nations'?
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What is Economics related to according to the given statements?
What is Economics related to according to the given statements?
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What is the significance of my father purchasing a two-wheeler vehicle in the context of fulfilling travel needs?
What is the significance of my father purchasing a two-wheeler vehicle in the context of fulfilling travel needs?
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How does Karuna's mother saving a portion of her salary every month relate to the concept of saving?
How does Karuna's mother saving a portion of her salary every month relate to the concept of saving?
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Explain the impact of a 20% increase in a country's production of goods and services based on the data for the financial year 2018-19.
Explain the impact of a 20% increase in a country's production of goods and services based on the data for the financial year 2018-19.
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How does Ram's father utilizing his provident fund amount to set up a grocery store exemplify investment?
How does Ram's father utilizing his provident fund amount to set up a grocery store exemplify investment?
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Explain the relationship between free goods and economic goods in terms of their value.
Explain the relationship between free goods and economic goods in terms of their value.
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What is the purpose of distinguishing between natural sciences and social sciences using the provided analogies?
What is the purpose of distinguishing between natural sciences and social sciences using the provided analogies?
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