☰
✕

Introduction
Question
Wired Faculty App

Define services.

Answer

Services are non-material/intangible goods which cannot be seen, touched or stored and have power' to satisfy people's wants and needs, e.g, services of doctor, teacher, judge, chowkidar etc.

Sponsor Area

Some More Questions From Introduction Chapter

Explain central problems with the help of PP curve. How does PP curve help in explaining the central problems?

(i) Why is PP curve downward sloping from left to right?    (D 2006C)

(ii) Why does PP curve look concave to the origin? 

Can the PP curve shift?

State factors which cause rightward (upward) shift of PP curve.

 How is PPC affected by unemployment in the economy? Explain.

Massive unemployment shifts the PPC to the left. Defend or refute.

What is meant by resources?

What do you understand by the term 'individual' in economics?

What is meant by goods?