WorksheetsEconomics
Total questions: 10
Worksheet time: 6mins
Goods that are intended for final use by the consumer directly
Capital Goods
Consumer Goods
Mechanical Goods
Utility goods
Goods used in the production of other goods.
Capital Goods
Physical Goods
Consumer Goods
Service Goods
Total amount of satisfaction that a
consumer derives by consuming a product. In other words, it
can be described as the satisfying power of any good or
commodity.
Utility
Value
Wealth
Price
the maximum amount a consumer is willing to pay for
an item in a market economy, or the amount of time an individual will sacrifice waiting
to obtain a government-rationed good in a socialist economy.
Utility
Value
Wealth
amount paid for a product/good/commodity
Value
Wealth
Price
Utility
accumulation of valuable economic resources that can be
measured in terms of either real goods or money value
Utility
Value
Price
Wealth
studies how the
individual parts of the economy make
decisions to allocate limited resources
(a)
studies about the
functioning of the economy as a whole
It examines the economy through wide-lens.
(a)
a mixture of
capitalist and Socialist economic systems.
Capitalist Economy
Socialist Economy
Mixed Economy
Communist Economy
Which of the below comes in Primary Economy
Fishing
Service Sector
Dairy
Manufacturing Industries
