The dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as

Related MCQs

• The setting up of mathematical models describing economic relationship testing the validity of such hypotheses is termed as:
• The reduction in the useful life of a capital good or consumer good through economic or technological change as distinct from physical deterioration in use is termed as:
• The functions of sales, distribution, advertising and sales promotion, product planning and market research are termed as:
• Buying and selling with a view to buying and selling at a profit later when the prices have changed is termed:
• The asset that is capable of generating income and that have itself been produced is termed
• The difference between the amount produced by a firm and the higher amount that could most efficiently be produced is termed as:
• A market in which supply and demand are not subject to regulation other than normal competition policy is termed:
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• The theory that all human action is motivated by pleasure and the avoidance of pain or the ethic that it should be so motivated. Such theory is termed as
• The skills and knowledge embodied in the labour force are termed as: