Basic concepts of economics
Authored by Kajal Sahu
Social Studies, Other, Life Skills
9th Grade
Used 500+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Want satisfying power of a commodity is ________________.
Value
Utility
Human wants
Goods
2.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
All the money is capital.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything that helps in the process of production of a commodity or service is __________________.
Capital
Wealth
Factors of Production
Labour
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ is a money concept.
Price
Wealth
Money
Value
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system by which people get a living and satisfy their want is ________________________
Factor of Production
Human wants
Goods
Economy
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The factor income for this factor of production is 'Profit'.
Land
Labour
Organisation
Capital
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Savings = _______________________
Y - C
C - Y
C + Y
Y + C
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