Podcast
Questions and Answers
Which branch of economics focuses on the transfer of goods and services for consumption?
Which branch of economics focuses on the transfer of goods and services for consumption?
What is the study of the distribution of national income among factors in the form of Rent, wages, Interest, and profit?
What is the study of the distribution of national income among factors in the form of Rent, wages, Interest, and profit?
Which branch of economics refers to the financial activities of the government and local bodies?
Which branch of economics refers to the financial activities of the government and local bodies?
What does economic planning refer to?
What does economic planning refer to?
Signup and view all the answers
Which branch of economics studies how man utilizes his limited resources for the satisfaction of his unlimited wants?
Which branch of economics studies how man utilizes his limited resources for the satisfaction of his unlimited wants?
Signup and view all the answers
What are the different branches of economics traditionally divided into?
What are the different branches of economics traditionally divided into?
Signup and view all the answers
Define consumption.
Define consumption.
Signup and view all the answers
What does production refer to?
What does production refer to?
Signup and view all the answers
Explain exchange.
Explain exchange.
Signup and view all the answers
Define distribution.
Define distribution.
Signup and view all the answers
