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TextBook Solutions for Jammu and Kashmir State Board of School Education Class 11 Statistics Statistics For Economics Chapter 1 Introduction

Question 1

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Define Economics.

Solution

Economics is a social science dealing with the study of economic problems.

Question 2

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Define economic activity.

Easy

Question 3

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Who is a consumer ?

Easy

Question 4

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What is consumption ?

Easy

Question 5

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Who is a producer ?

Easy

Question 6

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What is production ?

Easy

Question 7

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What is saving ?

Easy

Question 8

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Define investment.

Easy

Question 9

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Who are the agents of production ?

Easy

Question 10

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Define economic problem.

Easy

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