The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?

Related Mcqs:

The body of knowledge and techniques which can be used to produce goods and service from economic resources is________________?

A. Technology B. Advanced knowledge C. Both D. None...

A minimum price which govt. allows seller to receive for a good or service____________________?

A. Ceiling Price B. Floor Price C. Supprot Price D. All...

Cooperation among unification of the economies of different nations is termed as_____________________?

A. Economic Bloc B. Economic integration C. Economic union D. none...

Technologies that by design produce less waste and use resources more efficiently ?

A. Clean technologies B. Efficient technology C. Productive technology D. Innovative technology...

Nonproductive members of society are referred to as___________________?

A. Society wastes B. Society burden C. Economic dependency burden D. None of these...