Economics

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  1. The one who gathers capital and organizes the factors of production
  2. It studies the problem if efficient use of resources
  3. It is scientific inquiry into a problem using statistical tools
  4. It is a study of man in the ordinary business of life.
  5. It is the transformation of input into output
  6. A situation where there is not enough resources
  7. It refers to the value of a factor in its next best alternative use.
  8. It is the problem related to the allocation of resources to different uses.
  9. It refers to the way in which consumers spend their income.
  10. The satisfaction derived from the consumption of a commodity.
  11. The standard unit of measurement used by A. Marshall to measure utility.
  12. What refers to a situation wherein a consumer gets maximum satisfaction.
  13. He is one who wants to get maximum satisfaction out of his given income.
  14. It shows different combinations of 2 goods offering same levels of satisfaction.
  15. It refers to the attainable combinations of a set of two goods.
  16. The desire to buy a commodity backed with sufficient purchasing power.
  17. Effect of change in price of a related good on the demand for a commodity.
  18. These are goods, the demand for which increases as income of the buyers rise.
  19. These are goods, the demand for which decreases as income of the buyers rise.
  20. It is a graphic representation of a demand schedule.
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