The skills and knowledge embodied in the labour force are termed as:

Related MCQs

• Which terns is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country?
• 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:
• Aneconomy in which there are no flows of labour, goods or money to and from other nations is a/an -
• Variable costs are those that vary directly with the rate of output e.g., labour costs, fuel and power etc., These are also known as:
• The asset that is capable of generating income and that have itself been produced is termed
• The dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as
• 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: