Economics

TARGET SSC: Economics Test- 2 1. A want becomes a demand only when it is backed by the ability to purchase necessity to buy desire to buy utility of the product 2. The term 'Microeconomics' and 'macroeconomics' were coined by Alfredf Marshall Regner Nurkse Ragnar Frisch JM Keynes 3. During...

TARGET SSC: Economics Test- 1 1. Interest paid to a bank for a crop loan is intermediate consumption a transfer payment a factor payment capital formation 2. Economic growth refers to continuous growth of  agriculture sector prevention of concentration of wealth continuous growth of national income for at least two...