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Suggest the economic terms for the given statements:1. Unemployment is created due to cyclical fluctuations.2. Continuous fall in overall prices in an economy.3. Continuous rise in the general price level in an economy.4. The aggregate monetary value of all final goods and services produced in a country during a year.5. Want satisfying capacity of a commodity.6. Earnings are received by a person from all sources.7. Leftover income after payment of taxes etc.8. Income is received in the actual currency of the country.9. Wants which are satisfied at the individual level.10. An economic study of a particular firm, a particular household, etc.11. A great statesman, philosopher during Mourya Period.12. Wants that are meant for pleasure and enjoyment.13. Wants that are basic in nature.14. Income received without indulging in any productive activity.15. Increase in Real National Income of the country over a long period of time.16. Real captain of industry. |
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Answer» 1. Cyclical Unemployment 2. Depression 3. Inflation 4. National Income 5. Utility 6. Personal Income 7. Personal Disposable Income 8. Money Income 9. Individual Wants 10. Micro Economics 11. Kautilya 12. Luxuries 13. Necessities 14. Unearned Income 15. Economic growth 16. Entrepreneur |
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