“Economics is the study of causes of material welfare” was defined by___________________?
Total money income received by the individual or recipients of income is called____________________?
All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?
Power of a good/ service to satisfy human desire/want is called____________________?
The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
An increase either in real output (GDP) or in real output per capita is called___________________?
Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?
A condition when there is excessive produce in the market which lowers down the price is called__________________?
Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?
The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?
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