ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the term for the social science concerned with the production, consumption, and distribution of wealth?
A
economics
B
trade
C
resources
D
quota
Explanation: 

Detailed explanation-1: -Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

Detailed explanation-2: -Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.

Detailed explanation-3: -economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth.

Detailed explanation-4: -Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.

Detailed explanation-5: -Economics is the science of wealth. It deals with production, distribution and exchange of wealth.

There is 1 question to complete.