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Asked by Nikita Chetry
Latest Answer: 44 days ago
In: Commerce

Name the problems involved in the allocation of resources.

1 Answer

Asked by Nikita Chetry
Latest Answer: 44 days ago
In: Commerce

You have only 110 with you. Suppose a shirt is available at 150, a book is worth 95, a gift costs you 90 and a movie ticket can be purchased at ₹ 100. Can you purchase all these things? Answer with reason.

1 Answer

Asked by Nikita Chetry
Latest Answer: 44 days ago
In: Commerce

We have multiple wants. Can we satisfy all these wants? Give an answer with reason.

1 Answer

Asked by Nikita Chetry
Latest Answer: 44 days ago
In: Commerce

Explain the three central problems with one suitable example of each.

1 Answer

Asked by Nikita Chetry
Latest Answer: 44 days ago
In: Commerce

Why is it said that a free market economy ensures most efficient allocation of resources?

1 Answer

Asked by Nikita Chetry
Latest Answer: 44 days ago
In: Commerce

Explain how scarcity and choice go together.

1 Answer

Asked by Nikita Chetry
Latest Answer: 44 days ago
In: Commerce

Give two examples of growth of resources.

1 Answer

Asked by Nikita Chetry
Latest Answer: 44 days ago
In: Commerce

Give one example of under-utilisation of resources.

1 Answer

Asked by Nikita Chetry
Latest Answer: 44 days ago
In: Commerce

For whom are the goods produced in a market economy?

1 Answer

Asked by Nikita Chetry
Latest Answer: 44 days ago
In: Commerce

Name the three central problems of an economy.

1 Answer

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