The inefficiencies associated with employing a representative to carry out a task for you rather than carrying it out yourself are known as in economical terms as

Related MCQs

• The prices that are set by government rather than by negotiation between a seller and a buyer are known as
• A trade of goods and services in the exchange for other goods or services rather than for money is known as:
• An employer goes on employing more and more of a factor units until :
• The excess of price a person is to pay rather than forego the consumption of the commodity is called -
• Consumer goods that yield services or utility over time rather than being used up instantly are termed as
• Goods which are produced for consumption rather than as an intermediate product used in the process of production are referred to as:
• The type of currency issued by government as legal tender the value of which is based solely on decree or law rather than actual coin or precious metal reserves is termed as:
• The terms 'Bull' and 'Bear' are associated with -
• A measurement of unemployment based on the number of people out of work and claiming unemployment benefits is called in terms of economic theory
• The value of a commodity expressed in terms of money is known as -