An economy in which the whole income is not consumed is r...
An economy in which the whole income is not consumed is referred to as______
Frugal economy
Spend thrift economy
Capitalist economy
Mixed economy
Correct answer is A
A frugal economy is an economy in which the income is shared between consumption and saving or consumption and investment i.e
γ = c + s or γ = C + I
A point X inside the production possibility curve indicates that ...
In a two by two model of international trade, it is assumed that ...
International trade is desirable because it ...
Which of the following statements is NOT true about agriculture in West Africa? ...
From the graph above , point M shows that MC ...
When all factor inputs are doubled, the production possible curve will ...
From the graph above, the consumer will attain equilibrium at point ...
External economies arises essentially from_________ ...
If high unemployment goes hand in hand with rising prices, the situation created is ...