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:

Related MCQs

• The dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as
• The total amount of physical capital in the economy or in a firm or industry is termed as
• The reduction in value of an asset as reduction in the value of currency is known as:
• The reduction of the fixed official rate at which one currency is exchanged for another in a fixed exchange rate regime is termed:
• Consumer goods that yield services or utility over time rather than being used up instantly are termed as
• The setting up of mathematical models describing economic relationship testing the validity of such hypotheses is termed as:
• The term used to describe a sharp slowdown in the rate of economic growth or a modest decline in economic activity is called:
• An increase in per capital income is not an indication of an increase in the economic welfare of the people -
• When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be -
• If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is -