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Complete the following statements:1. Commodity which satisfies human wants is called __________2. Actual transfer of goods from one person to another is termed as __________3.Income which is paid as per terms and condition is called as __________4. Anything which has market value and can be exchanged for money is termed as __________5. Adam Smith defines Economics as __________6. Scarcity oriented definition of economics was given by __________7. Wealth oriented definition of economics was given by __________8. Kautilya authored the Indian Political treatise called __________9. Paul Samuelson referred economics as __________10. Psychology, Sociology, Political Science are the examples of __________11. Kautilya is also known by the name __________12. The term microeconomics and macroeconomics was coined by __________ |
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Answer» 1. Utility 2. Physical transfer 3. Contractual Income 4. Wealth 5. Science of wealth 6. Lionel Robbins 7. Alfred Marshall 8. the ‘Arthashastra’ 9. “Queen of Social Science” 10. Social Science/Abstract Science 11. Chanakya or Vishnugupta 12. Sir Ragnar Frisch |
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