ECONOMICS

Examples of Microeconomics

• Price determination of a commodity or service

• Household income

• National Income

• output of a firm

• Aggregate supply of goods and services

All those activities which are concerned with money and wealth are called

• non- economic activities

• economic activities

_________ is concerned with the determination of relative prices of goods

• Micro economics

• Macro economics

There is high degree of aggregation in ______

• Macroeconomics

• microeconomics

__________ activities refers to those activities which have no economic aspect or are not concerned with money or wealth

• Non-economic

• Economic

It deals with those economic activities which are concerned with an addition to the utility and value of goods and services.

• Production

• Distribution

• Exchange

It consists of the economic activity which is concerned with the sale and purchase of a good and service.

• consumption

• Exchange

_______ includes the economic activities which are related with the use of goods and services for satisfaction of want directly.

• Consumption

• production

• distribution