Consumption of capital good in the process of production is called as:

Related MCQs

• Production and consumption takes place simultaneously in the case of
• If a worker specializes in the production of a single good, it is called:
• The proportion between total income and total consumption is called:
• The proportion between incremental income and incremental consumption is called:
• Value of output minus intermediate consumption is:
• As income increases consumption also increases, but:
• Consumption expenditure directly varies with:
• ----- is not an example of free good
• Income elasticity of demand for inferior good is:
• The term production refers to: