Commodities or assets with some economic value which exist without any effort of mankind, are called:

Related MCQs

• The dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as
• Trade by exchange of Commodities is called:
• The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called
• The term used to describe a sharp slowdown in the rate of economic growth or a modest decline in economic activity is called:
• The residual value of a company’s assets after all outside liabilities have been allowed for is called
• If the main objective of the government is to raise revenue, it should tax commodities with
• If two commodities are complements, then their crossprice elasticity is-
• What will be the effect on inferior commodities when income of the consumer rises?
• The flow of goods or services to any economic agent or unit is called:
• Any factor of production can earn economic-rent, when its supply will be -