Fill in the blanks : Q1. ______ in economics is short supply in relation to the demand Q2. _______ statements cannot be verified. Q3. _________ economics deals with what ought to be based on value judgment. Q4. _____ is the process of transforming inputs (Raw material) into output (finished goods). Q5. Scarcity of resources gives rise to the problem of ______ Q6. Economizing of resources means that resources are to be used in such a manner that the ____ output is realized per unit of input.

Fill in the blanks : Q1. ______ in economics is short supply in rela

1.	Fill in the blanks : Q1. ______ in economics is short supply in relation to the demand Q2. _______ statements cannot be verified. Q3. _________ economics deals with what ought to be based on value judgment. Q4. _____ is the process of transforming inputs (Raw material) into output (finished goods). Q5. Scarcity of resources gives rise to the problem of ______ Q6. Economizing of resources means that resources are to be used in such a manner that the ____ output is realized per unit of input.
Answer» 1.goods2.false3demands4.factories5.sustainable management6.product