The logical sequence of basic concepts in economics is
The logical sequence of basic concepts in economics is
Wants, scarcity, choice and opportunity cost
Wants, choice, scarcity and opportunity cost
Scarcity, wants, choice and scale of perference
Scarcity, choice, scale of preference and opportunity cost.
Correct answer is A
No explanation has been provided for this answer.
In equilibrium, injections are equal to ...
Which of the following will not affect the market price of a commodity? ...
The profit of a monopolist can be eliminated where price equals ...
In the diagram below, the curve which represents firm's short-run average variable cost is curve...
Since money is demanded for what it can buy, the demand is said to be ...
Effective demand in economics means ...
Which of the following items is not an example of circulating capital? ...