1534EconomicsMedium
In Planned economy’ Production and distribution of Wealth is under control of________?
AGovernment
BPrivate sector
CNone of the above
DBank
Correct answer
B. Private sector
Explanation
The correct answer is Private sector.
Correct answer
B. Private sector
Explanation
The correct answer is Private sector.
Why is the private ownership of property deemed beneficial?
An extreme example of the consequences of ethnocentrism in the sense of ethnochauvinism is________?
How much of the total area cultivated is under irrigation system?
Naila owns a small pottery factory. She can make 1000 pieces of pottery per year and sell them for Rs 100 each. It costs Naila Rs 20,000 for the raw materials to produce the 1,000 pieces of pottery She has invested Rs100,000 in her factory and equipment: Rs50,000 from her savings and Rs50,000 borrowed at 10 per cent. (Assume that she could have loaned her money out at 10 her per cent, too) Naila can work at a competing pottery factory for Rs40,000 per year. The economics profit at Naila’s pottery factory is?
It is true of the population of the United States that________?
To adjust GDP from market prices to factor cost?